Hi, I'm Bette Hochberger, CPA, CGMA, and today we're going to do a little bit of a laser focus on a helpful report in #QuickBooks called the accounts receivable aging report. So watch the video below to see a walk-through. we're going to look at an "accounts receivable aging report." All right? If you click on reports, it brings up all this stuff. It's a little overwhelming when you first look at it. There's a lot, a lot, a lot of stuff in here. There are probably many things you won't ever look at. I'm sure there are reports on here that I've never dealt with, but this is an essential one because if you create invoices in #QuickBooksOnline, you need to know who still owes you money. Right? Super crucial for running your business. There's an account receivable aging detail and an accounts receivable aging summary. Okay. So we're going to look at the summary. It's a little bit easier to handle. So you go ahead and click on that. And it will show as of today who owes you money in a couple of different timeframes, right. So who right now owes you money, who's out one to 30 days, 31 to 60, 61 to 90, and then way older stuff, and then a total column here. This is great because it's like, gives you a bit of insight into what your expected cash flow could be. So if you know that, 0969 Ocean View Road, that client is a timely payer, and this is a current receivable, that you'll probably be getting this money shortly. But maybe you see over here, you know, Red Rock Diner, oof, there's something they haven't paid in a couple of months. So first off, you know, you got to go chase them down. And second, maybe there are some issues there with that client. You know, perhaps you shouldn't rely on that cash to be coming in if you're trying to figure out what money's coming in to pay bills, run payroll, that kind of thing. Now, the other cool thing is that you can click on these. You'll see that it gives you a little blue hyperlink. So if you go ahead and click on one of them, you'll see it pops up the detail, and then you can click on it again, and it's going to show you the actual invoice. So you can see what it is that you sent to them and what hasn't been paid, how old it is, what your terms are, whose email it went to. So it gives you a lot of information. All from that one little aging summary, you can get a whole lot of information about your customers and who owes you money. Now, another helpful thing, at least to accountants, is that you can change the date as you want to see this. So a lot of times what we'll do is we'll say, what did the third quarter look like? What were our receivables at that point? So you can change the date. Or maybe you want to see, hey, what did our AR look like last year? Oh, we did great at the end of last year. Nobody owed us anything. So it's flexible. You can put whatever date you want in there. So it's super customizable, which is pretty cool. So, that's that. I hope you find that a little bit helpful. If you're using QuickBooks to run your business and you're creating invoices, it's a super handy tool. You want to make sure you spend some quality time with that one. And is there anything else that you want to know about using QuickBooks? Drop a comment in there. I get a lot of questions. So, you know, things that come up a lot for people, I'm happy to do videos about them and try to explain as best I can, because it is such an excellent tool for business owners. And we'll see you next time. Thanks.
