Do your customers or members cancel their direct debits without any warning? How much of your monthly income are you chasing to claw back at the end of each month from people that haven’t paid when they should?
This is a common problem amongst organisations, and canada rcs data there’s a way to make it better. We’ll give you the tools you need to be able to proactively manage the amount you’re owed past its due date to help give you a clean bill of financial health.
What are aged receivables?
It’s a term that instantly confuses anyone without an accounting degree, but in simple terms, it’s a breakdown of how much your customer owes you, on a scale of how long it’s been since they were meant to pay. LoveAdmin’s timesaving software will give you all this information in an easy-to-read report, the Aged Receivables report. This report will track your top offenders, the ones don’t pay on time, and have fees racking up from several months prior.