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AR Aging: Balance Forward Statement

Distributor steps for creating a Balance Forward Statement from the Accounts Receivable Aging dashboard: filter by AR Account, then print or email statements; covers Statement Date aging buckets and Verified invoices only. Requires v22.01+.

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Written by Bailey Naas-Thornton

Minimum Version Required: 22.01

Steps

How to Create a Balance Forward Statement
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1. Using Universal Search, Navigate to the Accounts Receivable Aging dashboard.
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a. Search for one or more AR Accounts to filter to, and to show the outstanding credits for the accounts.
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b. Set the "Order By" to AR Account.
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c. Filter other data as desired and click Create Report.
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2. A Balance Forward Statement fulfills the need for a separate payment application report and gives the retailer an easy-to-read statement.
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a. Select the AR Account to print.
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b. When ready, click Balance Forward Statement.
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c. Click Print to preview and print out the Statement.
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d. Click Email to email the statements to the AR Account User(s).

Best Practices

  • The Statement Date will determine the timeframe of overdue balances from the selected date (1-14, 15-30, 31-45, +45) days out of balance. Make sure this is set to the correct date that is being searched for. The default date will be set to today’s date.
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  • If there is not a Start Date and End Date selected the balance statement will default to the last 30 days.
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  • The Balance Forward Statement will only take into account Invoices that are in the Verified status.

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