Dashboard Spotlight: AP Aging – Plan Smarter, Pay Smarter
It’s impossible to plan for your company’s future if you don’t have a good handle on your current obligations – and aside from payroll and benefits, the majority of those obligations will appear under your accounts payable. Like sales, your commitments to vendors and suppliers ebb and flow; not knowing what those commitments look like can result in problems ranging from cash flow shortages and late fee assessments to the inability to execute on corporate growth plans.
The AP Aging report provides the critical snapshot of current and past obligations to your vendors. It eliminates surprises, highlights outliers, and enables you to make realistic plans for the future of your business.
The top business insights provided by this report include:
- . . . what your total AP obligations are
- . . . what your total past due AP obligations is
- . . . what your upcoming (current) AP obligations are
- . . . visibility into any excessive (anomalous) upcoming AP invoices
- . . . whether you need to plan for major upcoming AP invoice payments
- . . . which vendors you are under greatest obligation to
- . . . which vendors you have the highest past-due balance for
- . . . vendors for whom you should look for alternate suppliers
- . . . details into specific invoices for which there may be a problem
The report includes the following components:
KPIs: total payables due, open AP balance
Totaled by: aging bucket (e.g., current, over 30 days), vendor, date (rolling)
Selectable by: aging bucket, vendor, document (invoice number)
Timeframe: selectable aging buckets
Special: invoice-level detail by vendor, including due date and amount due per aging bucket
