Manage receivables and payables
AR/AP Management focuses on accounts receivable, accounts payable, aging, reminders, dispute handling, and escalation. In AWRA, finance control works best when operational activity, accounting records, tax treatment, approvals, attachments, and reports stay connected.
The practical goal is trust. Finance users should know where a number came from, which source module created it, who reviewed it, and what evidence supports the balance, tax, payment, budget, or close decision.
In practice, finance reviews overdue customer invoices, delayed vendor payments, disputed balances, and sends reminders before the weekly cash meeting.
AR/AP management path
Receivables
Customer balances and due dates are reviewed.
Payables
Vendor obligations and payment timing are checked.
Aging
Old balances are prioritized.
Reminder
Customer or vendor communication is recorded.
Escalate
Risky balances receive owners.
Finance model
- Finance reports should trace back to source records and review decisions.
- Tax, budget, and accounting setup choices affect many downstream reports.
- Attachments and review notes make balances defensible during audit or close.
- Exceptions should be owned before they become reporting noise.