Chase what you are owed
Watch the aging and the forecast
Why this step
Aging tells you what has already gone wrong; the risk score and the cash-flow forecast tell you what is about to. Both are worth a weekly five minutes.
What this does
Monitors executive receivables telemetry including debt aging brackets (0-30, 31-60, 61-90, 90+ days), algorithmic client credit risk scores, and rolling 90-day cash inflow forecasts.
Before you start
- Receivables transactions posted.
Steps
Important
Automating Credit Hold rules prevents sales teams from confirming new fabrication orders for clients with unpaid invoices over 60 days old.
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01
Open Accounting › Customers › Dashboard › Aging Analysis across List, Graph, and Pivot views.
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02
Review Critical Overdue and High Risk Customers to identify accounts exceeding credit limits.
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03
Navigate to Configuration & Automation › Risk Score Trends to evaluate deteriorating payment behavior.
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04
Open Cash Flow Forecast to inspect projected monthly cash receipts based on customer payment history.
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05
Review Escalation Rules to automate credit hold blocks on delinquent accounts.
Common mistakes
- Relying on static cash forecasts without updating customer payment plan commitment dates.
- Ignoring sharp drops in a major contracting firm's automated credit risk score.
Checkpoint
You can name your three largest overdue balances and say when cash is expected to be tight.