Business
What Receivables mean on the Business page
Understand invoice money coming in from customers.
Receivables are amounts expected from customers through invoices. They show money that should come in, but has not necessarily been received yet.
What to check
- Open invoice value shows invoices still open, part-paid, or overdue.
- Overdue invoice value shows the value currently marked overdue.
- Recorded invoice payments show actual payments recorded against invoices.
- Average invoice value is based on invoices created.
- Total invoice count helps you see how many invoices exist.
- Overdue count helps you see whether customers are late paying.
Useful tips
- Receivables are not the same as cash in the bank.
- Follow up overdue invoices quickly.
- Recording payments keeps customer balances accurate.
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Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.