What is Account Receivable?
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit.
•Accounts receivable is an asset account on the balance sheet that represents money due to a company in the short-term.
•Accounts receivables are created when a company lets a buyer purchase their goods or services on credit.
•The strength of a company’s AR can be analysed with the accounts receivable turnover ratio or days sales outstanding.
A turnover ratio analysis can be completed to have an expectation when the AR will actually be received.
Here you are going to learn about how to match A/R Aging (Client wise) and A/R Outstanding detail report.
Fig.1
Step 2: Select the COA name,To date and Sales person name and click submit. (Fig-2)
Fig.2
Step 3: A/R Aging (Client wise) report will be displayed on the screen. (Fig-3)
Fig.3
Step 4: Navigate to Accounts -> A/R and select A/R O/S Details. (Fig-4)
Fig.4
Step 5: Select the COA name,To date and Organization then click submit button. (Fig-5)
Fig.5
Step 6: Outstanding voucher wise detail will be displayed on the screen. Now filter the salesperson name in the sales person column as same as A/R aging (Client wise). (Fig-6)
Fig.6
Step 7: The same amount will be reflected in the outstanding voucher wise details. Now A/R Aging (Client wise) and A/R Outstanding detail get matched. (Fig-7)
Fig.7
I hope you got an idea about how to match A/R Aging (Client wise) and A/R Outstanding detail report
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