what is outstanding amount as per no days credit in customer aging report ..????

[hiriyappa_myageri]

hi..experts ,,

i want know what is outstanding amount as per no days credit in customer aging report ..

i need logic or some suggestions for outstanding amount calculation ...

this is very urgent issue for me ..
please any suggest me .

thanks in advance ..

[narasimhulu_konnipati · Accepted solution]

Customer outstanding amount is nothing but the we are yet to receive from them. That is our receivable.

Without credit means, we are not allowing Customer to enjoy any credit period after booking the Invoice. They have to pay immediately.

Thanks.

[Former Member]

Dear Hiriyappa

Suppose you put the Terms of Payment    

Z011	100% within 30 days from receipt of material

Now Suppose you raise Invoice on 15.09.2012 of month now as per this Terms of Payment and credit record, as per this- the outstanding till 15.10.2012 will be "zero: and from 16.10.2012 it will start calculation and 16.10.2012 will be first date.

I hope you are clear with Terms of Payment and Credit now.

Thanking you!

Ashish Mishra