Money Owed


Money Owed
This widget gives you a historical view of how much money you owed at month's end for the last 12 months.

Why do I need it?
Helps a business to keep track of their creditors / taxes owed and to monitor whether they have sufficient cash available to settle their creditor and tax obligations. It is important to note that the time taken to pay creditors is not taken into account in this widget.

How do I get the right information? 
Widget is dependent on accounts payable ledger equalling actual invoices to be paid per contracts and GST being calculated correctly on sales and purchase transactions.

Accounts payable error - Accounts payable ledger information is outdated and may contain duplicate invoices or invoices that are not due.

How to make the most out of your widget
Combine with your Expenses to Approve widget and understand if expenses are increasing but not being approved in a timely manner. Reviewing against Cash Position & Coverage widget also shows the amount of cash on hand in your bank account and if you have enough coverage to meet your current liabilities.

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