SI-AP-RT11 AP Aging Summary by Vendors
Created by Aljun Talle, Modified on Wed, 7 Aug at 5:42 AM by Aljun Talle
Applies to
- Product version: Velixo NX, Velixo Classic
- ERP: Sage Intacct
- Functional area: AP
- Industry: All except Construction
- Plan: All
- Template type: Production Report template
TABLE OF CONTENTS
- Applies to
- Description
- Coverage
- Typical audience
- Features
- Preview
- Download this template
- Documentation
- User Guide
- Version History
Description
The SI-AP-RT11 AP Aging Summary by Vendors provides a snapshot of the outstanding balances owed to vendors, categorized by aging bucket. It provides essential insights for managing cash flow, prioritizing payments, and maintaining healthy vendor relationships. By highlighting overdue invoices and aging status, the report aids in financial analysis, decision-making, and process improvement within the accounts payable function.
Coverage
This workbook includes the following sample reports:
AP Aging Summary: the summarized report showing the AP transactions by aging buckets. This is in Pivot table format and charts are available as well for better visualization.
AP Transactions: the detailed report showing the information for each of the AP transactions. Filters are available as well for to further drilldown the required data.
Options: the report's setting sheet that is use for data validation lists and various lookup configuration.
Information: the information sheet of the report, used for storing useful details about the report such as: code, version, and article link in order to keep track of the origin of the report.
Typical audience
The typical users of this type of report are Finance professionals: Accountants, CFOs, Controllers or Project Managers.
Features
The following features are used by this report. To use this report, please ensure that your Velixo license includes all of them, (or contact Support or Sales):
- Financial functions
- List functions
- Generic Inquiry / Query functions
Preview
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Documentation
The SI-AP-RT11 AP Aging Summary by Vendor report offers a comprehensive overview of outstanding payables categorized by vendor accounts and aging periods. With a user-friendly interface, accessing the required information about accounts payable status requires minimal effort.
Filter
- Location: Lists all entities present in Sage Instance (excluding groups) including any custom group defined in the options sheet. For ease of use, Velixo shows you the Entity id that you may be familiar with along with the entity name. This Display name is configurable in the Options sheet.
- Period: optional filter and can be used to extract the transactions posted on the period specified.
- Project: giving users options to filter the data to a specific project only.
- Vendor name: giving users options to filter the data to a specific customer only.
- As of: a date field. The report will extract all open AP transactions as of the date specified on this field. If left blank, this is defaulted to current date.
- Aging by: will be the basis of the aging days calculations. Users can select from Document date, Due date or Posting date.
These filters are seamlessly linked to the data on the Options tab:
AP Transactions Detailed Report
The report is created to gather all important basic information for an aging report. It is neatly organized in a table and includes these key details:
- Vendor
- Location
- Reference or Document number
- Transaction currency
- Dates
- Amount
Additional details were added as well to aid users with the analysis:
- Sage Intacct dimensions
- Due in days
- Aging bucket
- % of aging per customer
- % of aging per aging bucket
AP Aging Summary Report
The summarized report is derived from the AP Transaction detailed report and is presented in a Pivot table format. It is categorized by aging bucket and displays various types of calculations. Users have the flexibility to customize the table accordingly based on their needs.
For user convenience in isolating the negative amounts within the Pivot table, Velixo has added the Negative AP Pivot Slicer. This feature allows users to seamlessly filter the table to exclusively display negative amounts, which may be categorized as Advances, Payments, or Adjustments in Sage Intacct.
Charts are added as well to aid users in visualization of the data.
User Guide
Using the report
Now that we've covered the report overview, let's dive into a step-by-step guide on effectively utilizing the report:
- Set the Connection Name on the Options sheet: crucial for all processes, set the Connection Name on the Options sheet by updating cell A2. Ensure it matches the name used during Velixo application login.
- Update the Options Sheet: as the foundation for all filters on the AP Transactions tab, keep the Options sheet up to date. It should always automatically capture the latest dimension and structures from your Sage Intacct instance.
- Velixo have set multiple aging bucket by default in columns P and Q. However, user can always customize it to fit their requirements.
- Update the AP GL code and Credit Card GL code as needed: This crucial step ensures accurate identification of aging transactions in Sage. By default, the AP GL code is derived from the mapped accounts in the Accounts Payable QuickStart category. The Credit Card GL code, however, must be manually entered and can be left blank if there are no credit card transactions to age in the Sage instance.
- Setting the Location Configuration Option: to enable further customization, the template includes an option for users to choose the location level (Parent, Child, or both). By default, the template is set to extract the balances at Parent level.
- Navigate to the AP Transactions tab and expand the grouped rows by clicking the plus sign (+) on the upper left corner of the tab.
- Go to cell C8 and select your preferred location level from the dropdown menu:
- Parent only: extract the balances exclusively for the parent location, excluding any associated child locations.
- Child only: extract the balances solely for the child locations, excluding the parent location.
- Parent and Child: extract the balances for both the parent and child locations.
- On the AP Transactions sheet, choose the desired filter:
- Location
- Period
- Project
- Vendor name
- As of
- Aging by*
- Automatic report update: selecting any filter will automatically update the AP Transaction table
- Once everything is set on the filter and the AP transactions tab has been fully refreshed, go to the AP Aging Summary tab to refresh the Pivot table. Refreshing the Pivot table will automatically refresh the charts.
Comparing with the Sage Intacct AP Aging Report
The template draws inspiration from the familiar design of the Sage Intacct AP Aging report. However, there will be differences as different platforms were used:
- Reference or Document number reconciliation: In the Sage Intacct AP Aging report, payments or adjustments are included on the applied bill total balance. However, in this report, payments or adjustments are not included in the applied bill balance, and are instead recorded separately within the report. The report maintains reconciliation with the Sage Intacct AP Aging report both on vendor level and in terms of overall total.
Version History
Version | Released on | Changes |
1 | April 30, 2024 | N/A. Initial version of the template. |
1.1 | July 23, 2024 |
|
1.2 | August 07, 2024 |
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