In v.25 you can benefit from the Payment Balances report, an enhanced version of the previous Order Balances report from version 24. This update is part of our commitment to providing clearer and more precise financial reporting tools.
What is the Payment Balances report?
The Payment Balances report offers a comprehensive overview of all outstanding payment amounts and their statuses. It consolidates data from various financial documents—including invoices, credit notes, and general payment orders—to present:
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Receivables (Incoming Payments): Amounts expected to be received.
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Payables (Outgoing Payments): Amounts due to be paid.
This unified view aids in effective financial monitoring and decision-making.
What's New?
To enhance clarity and usability, we've introduced several key updates:
1. New Fields Added:
Due Status: Indicates the current status of the payment's due date. Possible values include:
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Due: Payment is now payable and should be made before the due date.
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Overdue: Grace period has ended, and payment is now late.
- Scheduled: Payment is not yet applicable (before due start date).
- Not Applicable: Not applicable for payment.
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Payment Status: Reflects the current payment status:
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Unpaid: No payment has been made yet.
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Partially Paid: A partial payment has been made, but the full amount is still outstanding.
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Paid: The full payment has been completed.
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Remaining Amount: Displays the amount that remains to be paid, calculated as the total amount minus any payments made.
2. Updated Field Semantics:
Direction Field: We've updated the terminology to align more closely with standard financial language, and explicitly indicating the nature of the transaction. Values now are:
- Incoming: Represents receivables or amounts expected to be collected.
- Outgoing: Represents payables or amounts due to be paid.
Note: The underlying database values remain unchanged.
Why This Change?
These enhancements are designed to provide clear economic semantics across all financial data points. By refining terminology and improving data visibility, we aim to support smarter, faster financial decision-making for all users.
For a detailed overview of the Payment Balances report and its fields, please refer to the ERP.net Domain Model documentation.
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