The Aged Receivables report displays Aged Accounts Receivables for Matters where there is a balance owing. There are a number of different options available when generating/displaying the report.
The report can be printed to:
- Printer
- Screen
- File (This generates an Excel file with more detail than the above formats.)
The Aged Receivables Report can be printed with invoices sorted numerically by matter number, the date the invoice was created or by the responsible lawyer. The dialog box enables the user to sort the Aging Report in any one of 4 formats.
To generate the report, select the Reports Menu > Aged Receivables option.
The following report options screen is presented:
Aged A/R:
This report option lists the aged, outstanding accounts receivable balance by matter:
Cash Basis A/R:
This reports includes a general ledger summary that applies outstanding payments first to taxes, then hard costs, soft costs, and fees (in that order):
Write-off As At:
This displays a list of outstanding balances remaining unpaid beyond the number of days set when generating the report.
The report aging options range from 30 to 180 days:
Break Out Fees, Costs:
A schedule that breaks out unpaid invoices according to the general ledger accounts to which the invoice items were posted. Unapplied payments are applied against outstanding invoices starting with the oldest Taxes (<4000), then Disbursements Recovered or Hard Costs (4500-4699), then Other Charges or Soft Costs (4700-4999) and lastly Fees (4000-4499).
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