Sample with made-up figures
Receivables health check
£64,300Shown as owed on your aged receivables
£9,860Received but not matched to invoices (23 items)
9Customers at risk of being chased for money they have paid
7 monthsAge of the oldest unmatched receipt
What we found
| Issue | Items | Value |
|---|---|---|
| Receipts not matched to an invoice | 18 | £8,045.00 |
| Payer unknown, no reference | 3 | £1,275.00 |
| Overpayments held on account | 2 | £540.00 |
| Total unapplied | 23 | £9,860.00 |
| Short-paid invoices (balance still open) | 6 | £412.00 |
How old the unmatched items are
| Age | Items |
|---|---|
| Under 3 months | 14 |
| 3 to 12 months | 7 |
| Over 12 months | 2 |
What this means
- Up to £9,860 of what looks owed has already been paid, so your aged receivables overstates your debtors.
- Nine customers have open invoices that are probably covered by money already received.
- Six short payments need a decision: chase, credit note or write off.
Our recommendation
- A one-off clean-up of the 23 unmatched items and 6 short pays, for a fixed price we agree with you before starting.
- Then the Starter plan at £75 a month, which suits your volume of about 80 invoices and 110 receipts a month.