Lesson 5 of 8 · 2 min

Who owes what, and for how long

Customers owe you and You owe suppliers: every balance by how late it is, adding up to the balance sheet.

  1. Reports → Customers owe you, on any day: what each customer owes on invoices not paid yet, split by how long past its due date: not due yet, 1–30 days, 31–60, 61–90 and over 90. Late is counted from each invoice's due date. You owe suppliers is the same for your bills.
  2. It's the same figure as Accounts receivable on the balance sheet, Rs 1,214,000, read from the same entries, split by customer and by age. So the dues list and the books never disagree.
  3. Look at it each week and start with the oldest: Green Valley Mart's Rs 176,000 is over a month late. Open the customer: their Statement shows every invoice and payment, with what's owed after each. Give them a call; if reminders are on (Settings → Invoices & emails), the email goes by itself.

Try it

Opens Ledger. You'll be asked to sign in first; new businesses get a free week, no card needed.

See who owes you

Quick check

One quick question. Pick an answer and Leo will tell you how you did.

1. The aging report's total and Accounts receivable on the balance sheet are different. Is that possible?

Try it in Ledger, free for a week

Every lesson's Try it opens the real page, with Leo pointing the way.

Free for the first week · no card to start · Rs 1,500 a month afterFree for the first week · no card to start · £5 a month afterFree for the first week · no card to start · $6 a month after