Summary of past due A/R balances

The Accounts Past Due Balances and Aging Analysis provides a review  of all delinquent accounts.

The report details the account number,  client name, date of last payment, present balance, and the aging  report (current, 30, 60, 90+).  Only those accounts with a past due  amount are detailed.

This report is essential for collections, and provides a total of  the debts that have not yet been honored.  Because it is vital to  keep this amount very low, the report should be run after every  billing cycle, and follow up with clients analyzed.

It is also  important to place clients who are overdue on Hold status, by  changing the flag on their account to H.  This prevents them from  becoming more in debt.

It is also helpful to use this system to review credit limits, and people who typically pay late should have  lesser amounts of credit available.