Keeping track of balances with clients and suppliers is among the most important factors to measure the overall health of the business.

Client’s Balance — this may involve credit to be paid for obtained product / service, and deposit or reserve when orders go on a pre-pay basis (positive).

Supplier Balance — this commonly applies to mutual settlements like deferred payments, outstanding invoices, purchases on credit.

Keep track of your accounts payable and accounts receivable on the “Finance > Balances” page. Over there, you can find the list of client (customer) and supplier with outstanding balances.

The “Receivable” column shows the credit amount to be paid by a client or your deposit with a supplier when purchase orders are contracted on a pre-pay basis.

The “Payable” column shows all outstanding amounts owed by your company to clients and suppliers.

Once again, here may also display prepayments made by your clients. For example, you may receive $50 from the client during order entry. This way, your company owes that client $50 until a corresponding set of works / materials is added to the order.

The “Balances” column shows the balances of your clients and suppliers. The formula is simple:

Receivable amountPayable amount = Balance amount.

Elements can be sorted out by any column. Just press the one you need and the elements will be sorted in alphabetical order, click again to reverse the order. Below the table, you may find totals by each column.

Balances can be adjusted, learn more about adjusting balances in this article. If you have any questions about how to pay off debts, please go through this article.

Over the table, you can use basic filtering options to sort the data by Suppliers or Customers. Over there, you may also export data to your PC in the Excel file format.

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