Introduction
One of the most powerful features in Empress is the Dashboard Chart. Today, we’ll be focusing on one of the most useful charts for business users, the Accounts Payable Ageing chart. This feature offers a visual representation of the accounts payable data, helping businesses keep track of their bills and payments.
From a business perspective, understanding the status of your Accounts Payable is crucial. The Accounts Payable Ageing chart provides a clear and immediate view of the amounts owed to suppliers or vendors and the time frame in which these payments are due. It aids in cash flow management, ensuring your business maintains good relationships with its vendors by avoiding late payments.
Primary Functions and Benefits
Viewing the Chart
To view the Accounts Payable Ageing chart, navigate to the Empress dashboard. Here, you’ll find a colorful, easy-to-read donut chart.
The chart is divided into different segments, each representing a different ageing range: 30, 60, 90, and 120 days. This allows you to see at a glance how many of your payables fall into each category.
Editing and Sorting Information
With Empress, you can easily customize the Accounts Payable Ageing chart to better fit your business needs. To do this, click on the settings icon on the top right corner of the chart. From here, you can edit the ageing ranges, group by party, and toggle on or off the ‘based on payment terms’ option.
Sorting the information is also straightforward. By clicking on any segment of the chart, Empress will show you a detailed list of the payables within that specific ageing range.
Tracking Information
In addition to viewing, editing, and sorting information, the Accounts Payable Ageing chart also allows you to track changes over time. Empress automatically updates the chart based on the dynamic filters, which by default, are set to the current company and report date. This means you’ll always have the most up-to-date information at your fingertips.
User Roles and Permissions
In Empress, user roles and permissions can be set to control who has access to the Accounts Payable Ageing chart. This ensures the right people in your organization have the necessary access, maintaining the confidentiality and integrity of your financial data.
Conclusion
The Accounts Payable Ageing chart is a powerful tool that enhances your business processes. It provides a clear view of your payables, helps manage cash flow, and maintains vendor relationships. Additionally, its user-friendly interface and customizable features enable you to tailor the chart to your specific business needs.
For further assistance or to learn more about Empress’s wide range of features, please visit our non-technical support resources or reach out to our customer service team.