Accounts Receivable Overview

#Key Modules

Module	Path	Description
Sales invoices	/invoice-receivables	Create, post, and send AR invoices
Customer credits	/customer-credits	Issue credit notes and apply them to invoices
Contracts	/contracts	Multi-period customer agreements with line items
Products	/products	Reusable product catalog with default pricing and accounting
Customers	/customers	Customer records with billing details and history

All five appear under Revenue & Invoicing in the sidebar.

#Sales Invoice Lifecycle

A sales invoice (AR document) progresses through these states:

State	UI Label	Description
DRAFT	Draft	Created but not yet posted
OPEN_IN_PROGRESS	Open pending	Posting in progress
OPEN	Open	Posted; awaiting payment
PAYMENT_PENDING	Payment pending	Payment initiated but not yet cleared
PARTIALLY_PAID	Partially paid	Some payments received
PAID	Paid	Fully paid
ARCHIVED	Void	Voided / archived

Each invoice also tracks an e-invoice status (when e-invoicing is enabled for the entity), shown as a separate badge.

#Key Concepts

Customers represent the parties you bill. Each customer record stores name, billing email, addresses, VAT, business registration number, e-invoice routing fields, and customer type (Business / Consumer / Government).

Contracts define multi-period agreements with a contract period, entity, currency, and lines. They can drive recurring invoicing and revenue recognition over time.

Products are reusable catalog items with default pricing (multi-currency), default tax code, default ledger account, and a recurrence (One time / Monthly / Quarterly / Half yearly / Yearly).

Customer credits are credit notes issued to customers. They progress through Draft → Posted → Partially cleared → Cleared, and can be applied to one or more open invoices.

#Multi-Entity and Multi-Currency

Light supports multi-entity AR:

• An entity is selected on each invoice and contract
• Currency on the document defaults from the entity's functional currency
• The Sales invoices list filters by entity
• Customers can be used across entities

#Key Features

• Sales invoice creation with line items, products, taxes, discounts, and document templates
• Document templates (Settings → Templates) for invoice layout and email defaults
• Posting and sending — post-only or post & send by email, with optional e-invoicing
• Bulk actions for posting and sending multiple invoices at once
• Customer credits to issue refunds and apply to invoices
• Customer aging widget on each customer's record showing 0–30 / 31–60 / 61–90 / 91+ days
• Activity log on each invoice
• Bank reconciliation for matching incoming payments to open invoices

#Related Articles

• Setting up customers and contacts
• Creating and managing contracts
• Products and pricing
• Invoice generation
• Sending invoices
• Tracking payments