Sign In

Receivables

Department:

Finance

Receivables

$

Calculation

Receivables = Sum of all customer debts due for payment

DESCRIPTION

Receivables represent the funds owed to a company by its customers for goods or services delivered but not yet paid for. For dealerships this is most commonly new/used car deliveries awaiting payment/processing and any outstanding balances on the sale of wholesale parts to third parties

Purpose

The purpose of Receivables is to quantify the short-term financial assets that are expected to be converted into cash.

Interpretation

Did you get it right

Optimal:
Indicates an efficient accounts receivable process, suggesting that the company is effective in collecting payments and managing credit terms.
Alert:
May reflect a high volume of sales in the prior period and/or issues with collection processes or customer credit , potentially impacting cash flow and the necessity for increased provisions for bad debts.
© Quotus 2024. All rights reserved.
Ressources
Documentation, FAQ and Tutorials
Support
Direct support form
Status
Service Status
News
Latest news and updates
LinkedIn

System Status

QUOTUS Systems are 100% functional.
06/15/2024 05:25:31 am