Receivables are moneis that are currently due to you, the Buy-Here/Pay-Here bank. The Receivables Report allows you to quickly view customers, their loans, their amounts currently due, and which customers are late in their payments. The report can also include vehicle costs to allow you to estimate how close you may be to profitability on any particular loan.
To view the Receivables Report, click the Receivables Report button.
Lot Wizard will then display the Receivables Report window. Select the report options you want, and then click the OK button to preview the report.
You may primarily sort your report data by payment frequency (i.e. weekly, bi-weekly, or monthly), customer last name, or days past due. These same choices are available for a secondary sort as well.
The Receivables Report will generally show all monies due. That means currently due payments as well as those payment that are late will be displayed. If you wish to see only late payments, check the Late Payments Only checkbox.
If you wish to also display a list of calls from the Collection Call Log for each account, check the Display Recent Calls box.
If you wish to view a breakdown of the financial status of your receivables, check the Print Totals box. This will display an extra page at the end of your report.
