Use the Aged
Accounts Receivable chart to view your posted
accounts receivable information, with aging data, for the current
project. This includes the total amount billed, paid and unpaid balances, outstanding retainage, and the length of time that the receivables have been outstanding. The
Accounts Receivable chart always reflects WBS1.
Contents
If your
firm uses multiple currencies, the project's billing currency code displays in the upper-right corner of the page, and all currency amounts on the tab are in that currency.
| Field | Description |
|---|
| Billed
|
This field displays the total amount billed on the
project, which is the sum of the Billed + Tax Billed amounts that are shown in the Invoices tab. Retainage is included in the amount in
Billed.
Calculation: Billed = Billed + Tax Billed amount on posted invoices
|
| Paid
|
This field displays the paid amount for the
project.
Calculation: Paid = Applied Retainer + total of Amount Paid column in the grid + Unapplied Retainer (shown in
Receivables Information)
|
| Unpaid
|
This field displays the unpaid balance, the total amount due on the
project through today's date. Retainage is excluded from the unpaid amount.
Calculation: Unpaid = Outstanding amount through today on posted invoices (sum of the Amount Due column in the grid)
|
| Aging Categories
|
The horizontal axis of the graph displays the aging categories. Each bar represents the outstanding amount for that aging category, as of today.
Calculation: Aging Categories = Aged billed
labor amounts
|
| Retainage
|
If the
project has outstanding retainage, the sum of the retainage amount displays. This is the sum of the Retainage column on the grid. It is not included in the amount in
Unpaid or in the aging category bars on the graph.
|
