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šŸ“„Aged Debtors  - A Summary - Part 1

This article gives an overview of the Aged Debtors feature.

What are Aged Debtors?

The Aged Debtors feature, the first phase of a new account charges and payments system, allows users to generate reports on outstanding account debts categorized by industry-standard aging brackets:

  • Currently Owing

  • 30 Days Owing

  • 60 Days Owing

  • 90+ Days Owing

This feature introduces a new "Aged Debtors" reporting view within the Account List and a new tab in the account maintenance window. Both provide a summary of outstanding balances based on the age of each charge.

 

Prerequisites

Version: 4.7.3

Released: 28th January 2025

 

Key Features & Capabilities

  • Global enablement of the aged debtor's functionality

  • Transaction age-based charge reporting

  • The new account statement PDF section summarises outstanding amounts categorised by age brackets.

 

How to enable Aged Debtors

  • Open Backoffice & login with an approved user

  • Navigate to ā€˜System Setupā€™ ā†’ ā€˜Global Settingsā€™

  • Select the ā€˜Flagsā€™ tab

  • Within the ā€˜Flagsā€™ section, check ā€˜Aged Debtorsā€™ to enable the functionality.

The operator requires the ā€˜Maintain Global Settingsā€™ permission to be enabled within the General ā†’ System Setup operator permissions.

Enabling this feature initiates a system-wide recalculation of all outstanding account balances. Depending on the number of accounts and the frequency of charge and payment transactions, this may cause a brief delay in aged debtor reporting.

 

 

Walkthrough

Video Walkthrough