Objective: Generate reports to determine how much cash is required to pay bills and how much cash is expected from clients.
1. Run AP Aging:
◦ Navigate to Reports > Accounts Payable/Receivable > Vendor Subsidiary Aging.
◦ Report Type: Select Summary.
◦ As of Date: Today’s date.
◦ Generate: Click the PDF icon.
◦ Review: Look at the “Total” column to see your total immediate liability.
2. Run AR Aging:
◦ Navigate to Reports > Accounts Payable/Receivable > Client Subsidiary Aging.
◦ Report Type: Select Detail (to see specific unpaid invoices).
◦ As of Date: Today’s date.
◦ Generate: Click the PDF icon.
◦ Review: Identify any invoices in the “Over 90 Days” column that may require collection calls.
3. Check Commitments:
◦ Navigate to Reports > Accounts Payable/Receivable > PO Summary.
◦ Generate the report to see upcoming expenses that haven’t been invoiced yet.