Difference between revisions of "Accounts Receivable Aging"

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Revision as of 14:03, 6 April 2022

Accounts Receivable Aging

Accounts Receivable Aging Menu

Financial Statements - Accounts Receivable Aging - Record List.png


Accounts Receivable Aging are list of Accounts Receivable that has not been paid by User. This report categorizes the set of invoice that has been outstanding over a specific period(can be within a month range, 2 months range or over 2 months)

Requirements before using Accounts Receivable Aging
  • The user should setup and have the following records in order to proceed on using the Accounts Receivable Aging
    1. Customer
    2. Accounts Receivable
Accounts Receivable Aging Menu Terms on Oojeema Prime System:
Field Description
1. Record Filter(Customer and Date) Set of filter record for precise search of records.
  • Records will be defaulted to set on Filter All for customers and the current date for the Date Range.
2. Export Allows the user to Export the report into Spreadsheet
3. Customer The customer assigned for the specific Receivables.
4. Reference The reference record for the Accounts Receivable of the Customer.
  • Clicking the Receivables link will let the user view the status of the Receivable.
5. Transaction Date The date when the Receivable is issued.
6. Terms the set default days on the customer for them to pay their outstanding balance on their receivables.
  • Aging will start when the days on the Terms are exceeded.
  • Default Terms can be edited through Customer Maintenance Module.
7. Due Date The date on which the receivable should be paid.
  • Due dates will based on the Transaction date plus the Terms applied on the customer.
  • If there are no Terms applied on the customer. The due date will be automatically set into 7 days after the Transaction Date.
8. Current The balance to be paid on the receivables during the span of Transaction date up to Expiration Date.
9. Aging Range A range of days where the receivable exceeds to its due date.
  • Range will be categorized within 30 days , within 60 days and more than 60 days.
10. Balance The total amount to be paid on a specific Transaction.

Notes:

  • Customer record must be ACTIVE status in order to check its receivable aging records.
    • Customer records can be seen in Customer Maintenance Module.
Filtering Records and Exporting Accounts Receivable Aging
  1. Click Reports under Main Menu
  2. Under Reports Page, Click Accounts Receivable Aging under Financial Statement Reports.
  3. Under Accounts Receivable Aging, click the Export Button on the right side. Take note that the user can filter the date and the customer for precise exportation of records.
Financial Statement - Accounts Receivable Aging - Export.png


Viewing Vouchers on Accounts Receivable Aging
  1. Click Reports under Main Menu
  2. Under Reports Page, Click Accounts Receivable Aging under Financial Statement Reports.
  3. Under Accounts Receivable Aging, click the reference links under reference column to check the records corresponding to the customer’s transaction on a specific date.
    • The user may Received the payment when viewing a specific Accounts Receivable record.
    • The user may tag a Profit Center when viewing a specific Accounts Receivable record
      • The user may only tag a Profit Center if the status is not yet Posted
Financial Statements - Accounts Receivable Aging - View.png


Modules
Financials Accounts Receivable | Receipt Voucher
Maintenance Maintenance | Customer | Profit Center
Reports Module (Reports)
Reports Financial Statement
Financial Statements Balance Sheet | Income Statement | Profit and Loss Statement | General Ledger | General Journal | Trial Balance | Statement of Account | Accounts Receivable Aging | AR Detailed Report | AR Transaction Report | Accounts Payable Aging | AP Detailed Report | AP Transaction Report | Cash Position | Check List | Deposit List | Collection Register