Keep track of resources payable balances

View snapshots of resources payable

Lesson #78
Payables – Liability Balance Log function

You can get an instant snapshot of what you currently owe resources on posted invoices and other transactions, or reestablish a starting balance of your resources payable as of a certain date by using this audit function.

The default Liability Balance Log covers the current month to date and all of your business units. You can extend the date range to a longer period from today, and restrict the results to one or more of your company’s business units.

The log lists all dates transactions with resources payable were posted, beginning with the starting date you specified. Each date shows the day’s resources payable beginning balance, ending balance, and the amounts that increased or decreased the resources payable balance that day.

You can view the transactions for any date. All transactions for a selected day are grouped by type (Billings, Voids, etc.) and listed by invoice date within each group.

Export the report and individual dates’ details as an Excel spreadsheet or a CSV (comma-separated values) file to save, print, share, or use in other applications.

NOTE: This is an RB9-only function. It is not included in RB Lite.

TL;DR: Audit the current month’s resources payable. Can also reestablish a starting balance as of a certain date.

RB concepts in this lesson

Business Unit (BU): One of your company’s revenue centers or any entity in your business that you want to track separately.

Resource: Person or thing that provides your business with a service, such as reporters.

Listed under Function, Lesson, Payables | Tagged , , ,