There are 2 Invoicing reports that we have shipped with to help you understand the health of your invoicing business. The aging report and a reconciliation report. If you navigate to the reports part of Crelate, you will see a new Invoicing tab.
The Aging Report provides visibility into your customers’ unpaid invoices and shows how long each invoice has been outstanding.
The report is based on a standard accounting date range.
It does not align with the billing profile terms defined on individual customer records.
Use this report to quickly identify overdue balances and monitor outstanding receivables.
There are 4 buckets that unpaid invoices can fall under. The longer an invoice goes unpaid, the less likely it will be that it gets paid in full.
The Reconciliation Report is designed to help explain differences between two financial records or account balances over a specified period of time.
This report is especially useful for identifying discrepancies and ensuring accuracy in financial data.
Customers typically use the Reconciliation Report alongside their accounting software to confirm that figures align at the end of each accounting period.
By comparing records side by side, the report provides clarity on variances and supports accurate financial reporting.
Note: Reconciliation reports keep the name they were saved with. Unless the report is set to update automatically, its title may show an older date. The report's date range still rolls forward, so the data is current.
