What does an Accounts Receivable Report with Dynamic Aging Buckets entail? An Accounts Receivable (AR) Aging report is an operational report that accountants use to identify past-due customer balances. This report is distinguished by its ability to calculate and display outstanding amounts dynamically based on transaction dates within specified ranges, such as 0-30 days, 31-60 days, and so on. Users do not need to run an aging process in their ERP system since the report is dynamic. An example of this report is displayed below.
What is the Purpose of AR Aging Reports? The primary function of AR Aging Reports is to help companies and organizations identify customers with outstanding payments easily. By incorporating this report into their best business practices for Financial Planning & Analysis (FP&A) and Accounting Department, companies can enhance their liquidity and minimize the risk of customers defaulting on payments.
Benefits to Users By using an Accounts Receivable Report with Dynamic Aging Buckets, business users can improve their decision-making and work more effectively. This report enables users to identify past-due customer balances quickly and track outstanding amounts over time, providing a clear financial picture of the company. With this information, business users can prioritize collection efforts and make informed decisions on how to allocate resources to ensure timely payments. Furthermore, the dynamic nature of the report saves time and effort by eliminating the need to run an aging process in the ERP system. By streamlining the reporting process and offering real-time insights, this type of report helps users make better decisions and become more efficient in their daily tasks.
AR Aging Report Example Here is an example of a modern AR Aging report with automatically calculated aging buckets.
Accounts Receivable Report with Dynamic Aging Buckets for Dynamics 365 Business Central
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hereWho Uses This Type of Report? The typical users of this type of report are: CFOs, controllers and accountants.
Other Reports Often Used in Conjunction with AR Aging Reports Most Financial Planning & Analysis (FP&A) and Accounting Departments use several different AR Aging Reports, along with sales transaction reports, accounts payable (AP) reports and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others. In analysis where budgets or forecasts are used, the data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
Native ERP report writers and query tools
Spreadsheets (for example Microsoft Excel)
Corporate Performance Management (CPM) tools (for example Solver)
Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Technology Solutions and More Examples
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