Accounts Receivable and Payable

In ERPNext's accounting module, accounts receivable and payable play crucial roles in managing a company's finances.

Accounts receivable tracks the money owed to the company by its customers for goods or services provided on credit. This feature helps streamline invoicing, payment tracking, and ultimately, cash flow management.

Accounts payable monitors the money owed by the company to its suppliers or vendors. It facilitates the management of bills, outgoing payments, and ensures timely settlement to maintain healthy vendor relationships.

Both accounts receivable and payable modules in ERPNext provide real-time visibility into financial transactions supporting effective decision-making and monitoring of overall financial health of the organisation.

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