The second key report section is A/R. This section is for the reports involving invoices and payments.
There are five main reports
- Payments Expected
- Aging By
- Date Paid
- Fully Paid Invoices Summary
Summary*: This report shows the current invoices, how late they are, and the balance associated with them.
Payments Expected*: This report shows the current total number of invoices and the total balance of outstanding invoices, broken down month by month.
Aging By*: These reports show the age of invoices broken down by customer, then by invoice. The age is calculated by Today's Date to Date Shipped.
Ex. If today's date is 1/5/2020 and the job was shipped on 1/3/2020, the invoice has an age of 2 days.
Date Paid vs: These reports show the age from the date paid to either when the job was marked shipped, or when the payment was due.
Fully Paid Invoices Summary: This report shows a recap of the invoices that have been FULLY paid broken down by each month. It also shows the totals associated with the invoices.