The aged debtor report in Sage Line 50 shows you which customers owe you money over what period of time. To open an Aged debtors report open your company info in Sage Line 50 then navigate your way to the Customers section and select Report then Aged Debtors reports and ultimately Aged Debtors Analysis (Detailed) when you open this a pop up will appear. Select OK.
The report is sectioned by customer. For each customer you've got a title line showing the customers account code, contact and main telephone. Underneath it then shows you the current outstanding payments for that customer. The report shows the transaction number under No, the sort of transaction, date of transaction and the reference (invoice number) you are then shown the details. This data is input by you when you create an invoice or credit note for the customer.
You are then shown under balance the total amount owed by that customer for each invoice. The amounts are all sectioned into Future, Current, Period 1, Period 2, Period 3 and Older. Current would be payments below 30 days, increasing by 30 days for each period. You can change the time period by changing the particulars of payment with the customer under the customers info. Sage Line 50 determines the period by calculating how old the payment is from the invoice/credit note date.
Underneath this you have got a total turnover and borrowing limit for that customer. Sage Line 50 mechanically puts the customers into descending alphabetical order. The report only shows customers that have outstanding payments ensure you reconcile the bank before making a report as there may be payments in the bank.
At the end of the report Sage Line 50 totals the sum owing from each period and also the balance. The balance should show you how much cash you are expecting from customers.
The report is sectioned by customer. For each customer you've got a title line showing the customers account code, contact and main telephone. Underneath it then shows you the current outstanding payments for that customer. The report shows the transaction number under No, the sort of transaction, date of transaction and the reference (invoice number) you are then shown the details. This data is input by you when you create an invoice or credit note for the customer.
You are then shown under balance the total amount owed by that customer for each invoice. The amounts are all sectioned into Future, Current, Period 1, Period 2, Period 3 and Older. Current would be payments below 30 days, increasing by 30 days for each period. You can change the time period by changing the particulars of payment with the customer under the customers info. Sage Line 50 determines the period by calculating how old the payment is from the invoice/credit note date.
Underneath this you have got a total turnover and borrowing limit for that customer. Sage Line 50 mechanically puts the customers into descending alphabetical order. The report only shows customers that have outstanding payments ensure you reconcile the bank before making a report as there may be payments in the bank.
At the end of the report Sage Line 50 totals the sum owing from each period and also the balance. The balance should show you how much cash you are expecting from customers.
About the Author:
Lois Park has lately joined the team at Prosyn and is giving help with internal small business IT Support setups. This Sage Line 50 was one of her first projects. At Prosyn we concentrate on our internal systems as much as we do when providing Business IT Support to our clients.
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