A5 RESULTS - A BRIEF GUIDE

A5 RESULTS - A BRIEF GUIDE

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This is a quick explanation for a5 results and what they mean

To view this, go to, MANAGEMENT - ACCOUNTING REPORTS - A5

The Bill Amount and Payment Amount column we disregard as they are showing inaccurate figures.

Not on Statement column - the figures on this column means that the invoices were created after the statement was generated.
E.g.
Statement was generated first working day of the month 10am
All invoices created after 10am will be included in the Not on Statement column total
Statement 1 30 days
Statement 2 60 days
Statement 3 90 days
Statement 4 120 days
Statement 5 150 days

The statement balances will not move not unless statements were generated
E.g.
It's already the 20th of the month but someone has forgot to do Statement task (generation)
That means the 30-60-90-120-150 day balances arent accurate anymore as the figures didn't move on time

This explains why it is important that the Statement task is done at the first working day of the month

Balance is the total amount of invoices showing in the Payments Screen

E.g.
The a5 balance shows that Gosford Auto Wreckers owes us a total of $6400


The balance column is regardless if the invoice is overdue or not so as long as the invoice is showing as owing in the payments screen, it will be in the total balance.

Below shows $3300 overdue and $3100 current but the balance gives us the total of 2 figures which is $6400