Template
Receivables Log
What this is: A running total of every credit sale currently outstanding. It turns many individually small credit sales into one visible, checkable balance.
Used in: Volume 16, Chapter 2: Receipts, Invoices, and Credit Sales
| Customer |
|---|
| Invoice # |
| Date Issued |
| Amount |
| Payment Due |
| Credit Limit |
| Date Paid |
| Outstanding Balance |
Total outstanding across all customers: ₦______________________ · Last reviewed: ______________________
Warning
Review this log at least monthly. An individually small credit sale rarely feels risky, but the total across every customer, added together, is what actually matters. See Volume 07, Chapter 4: Cash Flow vs Profit.