Debtors - Review Points
Checkmybooks looks for issues with customer balances and outstanding transactions and produces 2 types of Review Points.
Negative customer balances
Looking for customer balances that have a negative (credit) balance at the year-end date.
A customer that has paid a deposit in advance of a sale.
Looks for customer balances that have a total credit balance at the year-end date.
"Morley Solicitors has a negative balance".
Old outstanding customer transactions
Looking for customer transactions that have been outstanding (unpaid/unmatched) for a long time at the year-end date.
A sales invoice dated 30th June still unpaid as at a 31st December year-end date.
Looks for customer transactions that are have been outstanding for longer than a specified number of days [that you can change] counting back from the year-end date.
"ABS Garages Ltd has 1 old outstanding item".