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Creditors Balances Report

A creditor is an entity person or institution that extends credit to another entity which credit or money intended is to be repaid in the future. A business that provides supplies or services to a company or individual and does not demand immediate payment is also considered a creditor, based on the fact that the client owes the business money for services already rendered. A creditor could be a bank, supplier or person that has provided money, goods, or services to a company and expects to be paid at a later date.

In Loan Performer, the creditors balances report displays the creditor's balances as at a particular reporting date.

How to view the Creditors Balances Report

Note that this report will only display the creditors who have been entered into the system under the menu Accounts/Purchases and Sale/Creditors and transactions conducted under Accounts/Purchases and Sale/Issue Invoices.

Both debtors whose obligations are outstanding and those who have cleared will appear on the Debtors Balances Report.

To view the creditors balances report you go to Accounts ->Creditor Reports->Creditors Balances Report and a screen will be displayed as follows:

Select any other required additional options or use the default selections. For additional information on these options you can refer to Accounting Report Formats.

Click on the OK button to view the report which will look similar to the following:

Click on the Close button to exit the menu.

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