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Accounts Receivable Dashboard is a performance reporting system that monitors, measures, and summarizes accounts receivable performance and processing in a business organization. The dashboard helps bookkeepers, executives and financial personnel to collect and monitor payment of sales invoices from customers.
The central role in any accounts receivable dashboard is given to key performance indicators and measures. KPIs allow measuring how well sales invoices are paid and whether there are debts. Here are some examples of accounts receivable KPIs:
- % of accounts receivable overdue
- Average time to receive payment per invoice
- Accounts receivable turnover
- Cost per invoice
- Average days receivable
The dashboard is used by financial staff to monitor records on accounts receivable, which are assets representing a legal obligation for clients. It summarizes processing of those records and allows making decisions about remitting cash for short-term debts and financial obligations. The dashboard is often available as a built-in module or plug-in in a kind of finance management software.
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