Lesson 2.2: Activity

Practical Activity: Defining Receivable Types

Objective: Configure the system to track two distinct types of revenue receivables.

1. Access Preferences: From the Main Menu, click the Gear icon and select Company Setup. Click the Preferences tab.

2. Create Labels: Under Accounts Receivable Preferences, enter “Program Services” in AR Account Label 1. Enter “Grants Receivable” in AR Account Label 2.

3. Set Default Message: In the Default Client Bill Message field, type: “Thank you for your prompt payment.” Click Save to commit these changes.