Accounts Receivable Process | Sales Accounting Process Explained Step-by-Step | Lighthouse ERP

Accounts Receivable Process | Sales Accounting Process Explained Step-by-Step | Lighthouse ERP #erp

Welcome to Lighthouse Alchemy ERP Academy 🎓

In this video, we explain the complete Accounts Receivable – Sales Accounting process in Lighthouse ERP, step by step.

If you want to understand how sales revenue is accounted, how customer outstanding is created, and how receivables are tracked and controlled in ERP, this session is for you.

📌 What You’ll Learn in This Video:

✔ What is Accounts Receivable in ERP
✔ How Sales Revenue Bills create customer receivables
✔ Sales Invoice creation and approval workflow
✔ Debit Note & Credit Note impact on customer outstanding
✔ Automatic revenue, tax & receivable posting
✔ Advanced AR controls like:

Forex receivable & gain/loss posting
Interest calculation for overdue customers
Bill-wise receivable tracking

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Must know
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🏭 Applicable for Industries:

Manufacturing | Trading | FMCG | Steel | Service Industries
👉 Any business dealing with credit sales

📊 Why This Process Is Important:

✔ Accurate customer outstanding
✔ Strong financial control
✔ Audit-ready accounting
✔ Better cash-flow management
🔔 Subscribe to Lighthouse Alchemy ERP Academy for complete ERP Finance, Accounting & Reporting training — from basics to advanced processes.

👍 If this video helped you, don’t forget to Like, Share & Comment.

📌 Next Video:

Accounts Payable – Purchase & Expense Accounting
👉 Vendor liabilities & expense control in ERP

Disclaimer:

These videos are designed for beginners to help you get familiar with the concepts. While this course won't turn you into an expert, it will give you a strong foundation to understand how Lighthouse ERP works and how it supports business processes.

Please note:

This course is provided completely free of cost. We do not charge any money for access to the content shared on this channel.

We have not authorized any individual, organization, or third party to collect money or offer paid versions of this course on our behalf.

Completion of this course does not guarantee any job, employment, or placement opportunity. It is intended purely for educational purposes to enhance your understanding of ERP systems, specifically Lighthouse ERP.

Stay informed. Learn freely. And beware of anyone claiming otherwise.

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