📨Accounts Receivable

Quoted from Investopedia:

Accounts receivable (AR) are the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivable are listed on the balance sheet as a current asset. Any amount of money owed by customers for purchases made on credit is AR.

This report is intended to show the starting amount of money owed by each customer, the total amount of new debt and payments made during the time period being reported on, and the final amounts that are still owed. It looks like this:

Let this report be your homework. Tip: change the previous report ARS in the last session to look like this:

• The interested posting accounts are from 1311 to 1319.

• The total of the payments and new debts made during the reporting period are the sum of all the amounts grouped by addresscode and d_c.

For your convenience, this is a complete report template: ARS - VN

At the next meeting, we will learn how different reports can be connected and how they can use information from each other. It will be really cool, I promise.