Two numbers most businesses cannot say on demand: what the market owes you, and what you owe it. Both stand here, by party, without being worked out.
Outstanding money is easy to lose sight of because it lives in the gaps — a bill raised in one month, part-paid in the next, against a customer who also returned something. Totalled by hand, it is always a little out of date.
Because every bill and payment posts to a party, the position is always current: who owes what, how long it has been owed, and which bills make up the figure. The same applies on the buying side, so cash you have to find next week is visible before the week arrives.
Every invoice adds to what that party owes.
Due dates fill themselves from the terms on the party.
Against the bills they settle, so the balance is exact.
Ageing shows the oldest first; reminders go out on their own.
The money side of the business: what has been billed, what has been collected, what is still owed, and what the tax on all of it comes to. Party ledgers sit at the centre — every bill and every payment lands on somebody’s khata, and the balance there is the number you act on.
Most of this area runs on its own once bills are being raised: ledgers update as you bill, reminders go out on their due dates, and the GST reports are built from what is already recorded.
Where the figures come from, and what to do about the late ones.
Party-wise outstanding · Receivable ageing · Parties statements · Payment general
Every feature, by plan →Yes — purchases post against the supplier, so payables sit beside receivables.
The receivable ageing report buckets it by how long it has been owed, so the oldest money is at the top.
Automatic payment reminders chase overdue bills on their own, and a daily alert lists what has gone past its date.
What you are owed and what you owe, current at every moment rather than at month end.
