Accounting Ideas

Aged Creditors List

To produce an accurate payment run for end of month is not possible if certain invoices have already been paid. If a report is run to end of previous month, any invoices that have been paid in the current month will still show as unpaid. This can lead to an invoice being paid twice.

The other issue with the aged creditors report is that, when completing 'Payment Terms' for a supplier, if you select 'End of Next Month' the creditors report will default to 30, 60, 90 days.

There does not appear to be any way of overcoming these issues.

  • Guest
  • Aug 26 2022
  • One For The Future
  • Attach files
  • Guest commented
    23 May, 2023 11:20am

    Fully agree with this, and has caused invoices to be paid twice on various times. As most of our supplies have 30 day accounts would be very useful to be able to run an aged creditors report for previous month with any payments made during month taken off. Can do this on the Sage 50 Professional