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Find out how Accounts Receivable Balance and Outstanding Amount are are calculated. |
What does this section cover?Back to Accounts Receivable Main Page
What
is Balance is a Balance Calculation?
In CRM.COM the balance Balance of an account is not saved but it is is a dynamically calculated field. There are 2 Two different types of balance that Balances are being used:
paid and are - Accounts Receivable Balance:
| Status |
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| colour | Red |
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| title | Applicable up to R9 |
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- The aggregated amount of posted debits and credits allocated against the Accounts Receivable| Status |
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| colour | Green |
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| title | Available from CRM.COM R10.0.0 |
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- Calculated as the latest accounting period's opening balance plus all of the Financial Transactions posted against the accounts receivable during this latest accounting period.
- Accounts Receivable Outstanding Amount: The total outstanding amount which is owed by the customer, as of a specific date, which is the aggregated amount of posted unpaid debits which
are not Account Balance , and Account Outstanding amount are both available via the Accounts Receivable Summary and Data Entry pages.
Calculating the Accounts Receivable Balance
The Balance of an account's receivable Accounts Receivable is the total amount of debit and credit financial transactions Financial Transactions which are posted against that account, as of a specific date.
The Accounts Receivable balance Balance is calculated based on with the following formula:
| Status |
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| colour | Red |
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| title | Applicable up to R9 |
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Balance = Sum (Total amount of all debit transactions which were posted against that account) - Sum (Total amount of all credit transactions which
ere were posted against that account)
| Status |
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| colour | Green |
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| title | Available from CRM.COM R10.0.0 |
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Balance = Opening balance of the accounts receivable + Sum (Total amount of all debit transactions which were posted against that account and are not related to any Accounting Period) - Sum (Total amount of all credit transactions which were posted against that account and are not related to any Accounting Period)
Calculating the Accounts Receivable Outstanding Amount
The outstanding amount of an Accounts Receivable is the total outstanding amount which is owned total owed by the customer , as of (on a specific date, which is ); the aggregated amount of posted debits which are not paid and are past their due payment date.
The outstanding amount is calculated based on with the following formula:
Outstanding Balance = (Total amount of all debit transactions which were posted against that account, having a due date greater or equal to current date) - Sum (Total amount of all credit transactions)