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.

Example
A customer that has paid a deposit in advance of a sale.

Check Details
Looks for customer balances that have a total credit balance at the year-end date.

Typical Description
"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.

Example
A sales invoice dated 30th June still unpaid as at a 31st December year-end date.

Check Details
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.

Typical Description
"ABS Garages Ltd has 1 old outstanding item".

Review Point categories