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Norine's avatar
Norine
Experienced Cover User
3 years ago

Aged Receivables & Payables Reports are not correct

Hi

Why are the Aged Receivables & Payables Reports not correct?  It doesnt matter what "As of" date you enter into filters it will only ever give you all outstandings as of the actual current date. ie I need the EOFY 30th June figures. Hence these reports are not only useless but dangerously misleading, giving false information. Suggest you remove them completely from Reports and just keep the Receivables & Payables Reconciliation reports as these are the accurate ones.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    3 years ago

    Hi Norine 


    Thanks for your feedback

    As you have hinted at AccountRight offers two sets of ageing reports; Aged Receivables and Receivable Reconciliation report.

    The Ageing report is used to age all open invoices (or purchases) within the company file and uses the As of date to age them according to that date and the ageing method selected for that report. This is designed to give users a current overview of their outstanding sales (or purchases) and how they are aged according to the date entered.

    The Receivable Reconciliation report will show the open transactions up to that As of date and then age them according to the current system date. This report would be used if you are reconciling your values, typically ifi you are back-dating running that report.

     

    While there is a common confusion between these reports and how they are run, both serve a purpose to users and will continue to remain in the AccountRight software.

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