Average Debtor Days To Pay
How are average debtor days to pay calculated by Reckon Accounts? Are the average days calculated from invoice date or from due date of the invoice? This would give a very different answer obviously considering different customer credit terms.
Answers
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Hi @Sam_Sirus,
It all depends on the option you selected when setting up the company file. You can adjust these settings by going to Edit > Preferences > Reports and Graphs. There, you will find two options to choose from.
This sets the starting point for counting the number of overdue days on ageing reports. These reports track unpaid invoices or bills by showing how much is currently due and how much is overdue. This preference affects all ageing reports as well as the accounts receivable and accounts payable graphs.
There, you will find two options to choose from:
Age from due date: Select this option if you want the overdue days to start from the due date that appears on an invoice, statement, or bill.
Age from transaction date: Select this option if you want the overdue days to start from the date you wrote an invoice, wrote a statement, or received a bill.
Hope this helps.
Kind regards,
Reeta
1
Reckon Staff 
