When a customer applies for an Invoice Financing line of credit, DataShare has the ability to assist you with the quality assessment of the underlying accounts receivable. We do this by evaluating all outstanding accounts receivable and perform an aging analysis of those receivables.
To access the aging analysis, expand the "Receivables Ledger" on the left side of the DataShare View client portal. Then click on "Aged Receivables" to access the report.
Select the date that you would like to evaluate the outstanding accounts receivables. (Note: if you would like to see the most recent A/R select the month that the data was uploaded).
The aged receivables report will give you an idea of the quality of the account receivable the customer has outstanding at any given point in time. In the screen print below, the customer has total accounts receivable of $823,075. DataShare then takes that total balance and determines the aging (or past due status) of all receivables. The report will break down which receivables are current and past due. For past due, the report will break into 30 day increments as shown below. At the bottom of each column is the total for each of the past due dates.
Please sign in to leave a comment.