Accounts Receivable
Accounts receivable is the money customers owe for goods or services already billed. It is more useful when each open amount can be traced to the right invoice, payment and customer.
A worked example
A practical example to make the concept clear.
| Step | Illustrative record and result |
|---|---|
| Starting record | Customer invoice INV-DEMO-02: 100,000 IQD due on 15 October 2026. |
| Change or calculation | A 40,000 IQD payment is allocated to this invoice on 10 October. |
| Meaning and exception | Open receivable: 100,000 − 40,000 = 60,000 IQD. If unpaid after the due date, this open amount becomes overdue. |
Why it matters
During migration, reconcile the total and sample customer-level open items. Test partial payment, credit and ageing under the chosen accounting setup; Datrylo's current product demonstrations covers one fully paid invoice.
Make it practical
Does each open customer balance agree with an identifiable invoice and payment history? Test the answer with the exact release and application package under consideration. Explore Datrylo applications.