Use this report to review your customer receipts. You can easily see which customers are constantly past due with their receipts. This report provides details of each receipt by customer, including the receipt number, amount paid, and days late. Receivables also calculates the weighted average days late for each customer so you can see how costly the late receipts are to your company.
If the profile option AR: Sort Customer Reports by Alternate Fields is Yes, Receivables will sort information in this report using the value of the Alternate Name field in the Customers window.
Transaction Date Between (Date) and (Date): The transaction date range you specified in the report parameters.
Order By: Your sort by option for this report. You can only order by customer or Alternate name.
Average Days Late: The average number of days late for receipts by customer and currency.
Average Days Late = Sum of Days Late / Total Number of Receipts
Currency: The currency used by each customer. If your customer uses more than one currency, Receivables displays each currency separately.
Weighted Average Days Late: Receivables prints the weighted average days late for receipts within the date range by customer and currency. Use the weighted average days late to see the average amount that past due debit items cost you.
Weighted Average Days Late = Sum of Weighted Days Late / Total Amount Paid