Payment performance of Debtors (Receivables Turnover) - Tally.ERP 9

 

 Payment performance of Debtors (Receivables Turnover)

Tally.ERP 9 tracks the payment performance of all debtors and generates report containing infor- mation in respect of average time taken by the debtors to pay back their debts. The payment per- formance of debtors is calculated in two ways.

Using Receivables formula: Tally.ERP 9 calculates the payment performance of your debtors using the following formula,

Payment performance by formula: (closing balance / total sales) * nos of days

Or calculates the performance of the debtors using the actual bill cleared date. To view Receivables turnover,

Go to Gateway of Tally > Ratio Analysis

Select Recv. Turnover in days (payment performance of Debtors)

Press Alt+F1 for detailed view

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