RPPC Inc – Keeping track of the money owed to you is important as it is where you may your money! In accounting, the money owed to your business is referred to as Accounts Receivable (A-R for short). Any open invoices are tracked as AR until you receive the payment.
QuickBooks has two reports that break down what is owed to your business by each customer from each billing period.
A-R Aging Summary
The A-R Aging Summary report summarizes the status of unpaid invoices and statement charges. For each Customer who owes money, the report show what the Customer owes for the current billing period, unpaid amounts from previous billing periods, and subtotal balances for each job. If you have adapted QuickBooks for property management, this report will show the rents owed to you by tenant, unit, property, and property owner for each billing period.
The A-R Detail report lists all unpaid invoices and statement charges grouped by the aging period (billing period). Keep track of how overdue an invoice is. The report lists all of the transactions.
For more information on the AR Aging reports, please call RPPC at 816.885.0487