Introduction
One of the significant features in Empress is the Accounts Receivable Ageing. This feature provides a clear picture of your business’s financial health by showing you the age of your accounts receivables. Essentially, it allows you to track and manage the payments owed to your business by your clients, helping you to prioritize collections and maintain a healthy cash flow.
Feature Functions and Benefits
The Accounts Receivable Ageing feature comes with several primary functions that are beneficial to your business operations:
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Viewing - The feature provides a detailed view of the payments due from your clients. It visually represents the age of each account receivable in a donut chart, helping you to easily understand which payments are due and overdue.
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Editing - You can customize the ageing ranges (30, 60, 90, 120 days) to align with your business’s payment terms.
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Sorting - The feature allows you to sort your accounts receivable based on their due date.
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Tracking - With the feature’s dynamic filters, you can track accounts receivable for different companies and report dates.
User Roles and Permissions
In Empress, different users have different permissions. The Accounts Receivable Ageing feature can be accessed and managed by the Administrator, ensuring only authorized personnel can view and edit the crucial financial data.
How to Use the Accounts Receivable Ageing Feature
To use the Accounts Receivable Ageing feature, follow the steps below:
- Login to your Empress account as an Administrator.
- On the dashboard, locate and click on the Accounts Receivable Ageing chart.
- The chart displays all outstanding payments due from your clients. Payments are grouped based on their due date.
- To edit the ageing ranges, click on the filters_json section and enter your preferred ranges.
- To sort the accounts receivable, use the dynamic filters in the dynamic_filters_json section.
- To track the accounts receivable for a specific company or date, update the company and the report date in the dynamic_filters_json section respectively.
Conclusion
The Accounts Receivable Ageing feature is an essential tool for managing your business’s finances. It provides a comprehensive view of your accounts receivable, helping you to monitor and improve your cash flow.
For additional support or resources, you can refer to the Empress User Guide or contact the Empress Support Team. The team is always ready to assist you in making the most out of the Empress platform and its features.