Revenue

Generate Aged Receivables and Credits (ATB) Report

The Aged Trial Balance (ATB) report gives you a full accounting of what your association is owed, whether by individuals or by organizational buyers like counties and school districts. By leveraging the ATB, you can prioritize your collections activities and plan your payments to vendors, ensuring close management of the association's cash flow. Account by account, you can view total balances and drill into the contributing invoices. Credit balances are also shown, allowing you to apply those credits to open invoices and close them out.

Understand Your Association's Financial Health

The Aged Trial Balance report is your window into your association's financial health. It shows you, at the top level as well as at the buyer level how much of your cash is tied up in your receivables. Collections can be prioritized accordingly, ensuring that cash flow is closely managed and vendors can be paid promptly.

Prioritize Your Collection Efforts

The ATB ages your receivables and allows various sorting and filtering options. It will be your go-to tool for understanding which buyers owe you the most or have the longest outstanding invoice balances. By adequately prioritizing your collections, you'll improve your cash flow, avoid disputes over long-unpaid invoices, and ensure cash is on hand to pay your vendors promptly.

Take Advantage of Opportunities to Clear Credit Balances and Close Invoices

The Engagifii ATB also provides visibility to all the open credit balances for each buyer, composed of credit notes issued in conjunction with returns, cancellations, and registration modifications. Credit notes can be refunded, but even better, they can be applied to open invoice balances, allowing you to reduce receivables especially older ones!

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