Help Center / Accounts Receivable
Accounts Receivable
Accounts Receivable Overview
> **What is this page about:** An overview of Accounts Receivable (AR) in Light, covering the modules involved, the sales invoice lifecycle, key concepts like customers, contracts, products, and customer credits, and how AR works across multiple entities and currencies.
Setting Up Customers
> **What is this page about:** How to create, view, edit, and manage customers in Light, the Accounts Receivable records you bill via sales invoices.
Contracts
> **What is this page about:** Light tracks contracts as multi-period agreements with customers, grouping their line items and driving invoicing over the contract period.
Products and Pricing
> **What is this page about:** Light lets you define the products and services you sell as reusable records with default pricing and accounting settings.
Invoice Generation
> **What is this page about:** Light generates sales invoices from the Sales invoices page, with each invoice tied to a customer and an issuing entity.
Invoice Templates
> **What is this page about:** A document template in Light controls the layout and email defaults for sales invoices and other accounting documents.
Sending Invoices
> **What is this page about:** Sending an invoice in Light posts it and delivers it to your customer, either one at a time by email and e-invoicing, or in bulk across many invoices at once.
Tracking Payments and Outstanding Balances
> **What is this page about:** How to track invoice payments and outstanding balances in Light, including invoice payment states, recording payments via bank reconciliation, viewing a customer's payment history, and monitoring overdue balances with the aging widget.
Customer Credits
> **What is this page about:** Light lets you create customer credits to reduce a customer's balance, and apply them against open or partially-paid invoices.
Revenue Schedules and Deferred Revenue
> **What is this page about:** How to set up revenue schedules in Light so deferred revenue from sales invoices and contracts is recognised automatically over time, and how to configure release templates, apply them to invoice and contract lines, and view the generated recognition entries.
Multi-Entity AR
> **What is this page about:** Light's AR works across multiple legal entities, with each sales invoice and contract tied to one entity.
AR Aging
> **What is this page about:** Light tracks AR aging at the customer level and organisation-wide, so you can see how overdue customer balances are at a glance.