Aged Receivables
- Tom Higgins (Unlicensed)
Report Section | Accounting |
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Brief Description | Produce an aged receivable report at a point in time |
Description | It goes through every customer and every invoice they have generated and then all the payments associated with those invoices to obtain the information. |
Key Points
Negative Invoices | Negative invoices are treated as a payment/credit on the invoice date |
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Due Date | This is the key point of calculation to calculate what is current, and the time periods listed are all relevant to the due due, NOT the invoice date |
Back Dated Items | If you create a credit or payment now, and set the date a year ago, the date specified will apply, e.g. I apply a credit now ( 2 Jan 2020 ) for 1 Sep 2019, the 1 Sep 2019 date will be used in this report, so the same date can change if you back date items |
Bad Debt | Invoices marked as bad debt are excluded from this report |