Supplier Account Balances

The Supplier Account Balances screen provides details of your aged balances to that supplier, the month and year to date purchases and your last payment. The screen performs in the same manner as the Customer Account Balances screen.

A supplier account balance is made up of six aged balances. These balances represent:

• 120 days + - Transactions 4 months old or older.

• 90 days - Transactions 3 months old.

• 60 days - Transactions 2 months old.

• 30 days - Transactions 1 month old.

• Current - Transactions with their effect in the current accounting period.

• Preinvoiced - Transactions that have their effect in a future period.

Your overdue balance for a supplier is an addition of the aged balances prior to the trading terms for the supplier (ie. a supplier where your terms are 30 days [1 month] would have an overdue balance equal to 60 days plus 90 days plus 120 days +).

The transactions for a supplier should always add up to the supplier account balances.

Supplier account balances can be interrogated with two facilities. The first is the Supplier Account Balances screen and the second is the Supplier Transactions screen. The account balances screen shows the aged balances for a Supplier and the total owing. This screen also includes month and year to date purchases and the last payment details. Use this screen for a quick reference to your current financial position with this supplier.