ACCOUNTS RECEIVABLE

ACL ESSENTIALSGet insight into your ERP process health,

compliance & financial exposure

Page Analytic Name

Debtors age analysisAR Analytic 01

Debtor balances compared to credit limitsAR Analytic 02

Debtors with credit balancesAR Analytic 03

Outstanding debtors greater than 60 daysAR Analytic 04

Customers with no credit limitsAR Analytic 05

Change to customer credit limitsAR Analytic 06

Version 6.1.0 –2018/08

Re-computes debtors ageing

ACCOUNTS PAYABLE

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_01_ARCS101

ContextDebtor age analysis provides a summary of outstanding debtor balances and period outstanding. This will assist with debtor management and follow-up.

RiskIneffective follow-up on outstanding debtor payments.

ProcedureRe-computes debtors ageing. This analytic is useful to either confirm theaccuracy of ageing within a system or to independently obtain a debtors ageingfor testing. The finance team can use this analytic if their system has limitedageing reporting functionality.

Analytic LogicExtracts a listing of all outstanding invoices not yet settled by debtors from thesystem and re-computes a debtors' age analysis using the invoice dates forageing.

Output Results Field Names

Company Code Company Name Customer Number Customer Credit Limit

Output Visualization Examples

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Report Currency

Summary table of debtor age analysis

Total amount in reporting currency by customer

Pie chart of total amount in reporting currency by customer

Report Amount 60 – 90 Days

Report Amount 90 – 120 Days Report Amount >120 days Total Amount Report Currency

Report Amount 0 – 30 Days Report Amount 30 – 60 Days

Compares debtor closing balances to credit limits loaded

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_02_ARCS102

ContextDebtor trading limits should be assigned as this is an indication of the authorised exposure per debtor. Debtor amounts owing are also managed in terms of the credit limit.

RiskInaccurate and/or overstated debtor account balances.

ProcedureCompares debtor closing balances to credit limits loaded.

Analytic LogicExtracts debtors' current balances and their respective credit limits and analyseswhich balances are in excess or close to their approved credit limits in the system.

Output Results Fields

Output Visualization Examples

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Company Code Company Name Customer Number Customer Credit Limit

Outstanding Total Amount Report Currency

Bar graph of debtor balances compared to credit limits by customer

Pie chart of outstanding total

amount by customer

Total Amount Report Currency

Customer Name

Extracts all debtors with credit balances

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_03_ARCS103

RiskInaccurate and/or overstated debtor account balances.

ProcedureIdentified all debtors with credit balances.

Analytic LogicExtracts debtors with balances in credit representing where they have overpaidor recent credit notes have resulted in credits.

Output Results Field Names

Output Visualization Examples

ContextThe debtor balance should always be a debit balance, i.e. amounts owing to the organisation. All credit balances should be investigated as this indicates amounts owed to the debtor by the organisation.

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Company Code Company Name Customer Number Customer Name Total Amount Reporting Currency

Report Currency Customer Credit Limit

Summary of all debtors with credit balances

Pie graph of customers with credit balances by credit limit

Extracts all outstanding debtors greater than 60 days

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_04_ARCS104

RiskIneffective follow-up on outstanding debtor payments.

ProcedureIdentifies all outstanding debtors greater than 60 days.

Analytic LogicExtracts all debtors' invoices older than 60 days, which is the typical number ofdays after which the recoverability of debts comes into question, and re-computesan age analysis of these invoices.

ContextOutstanding debtors should be followed up on a regular basis to ensure that amounts owed are recovered in a timely manner. This also assists in verifying the accuracy of the disclosed debtor balance.

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Output Results Field Names

Output Visualization Examples

Customer Number Company Code Company Name Customer Name

Report Currency Customer Credit Limit Report Amount 60 – 90 Days

Total Amount Reporting Currency

Report Amount 90 – 120 Days

Report Amount >120 days

Summary table of outstanding debtors greater than 60 days

Total outstanding amount by customer

Total outstanding debtor amount by credit limit and customer

Extracts customers with no credit limits

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_05_ARCS105

RiskInaccurate and/or overstated debtor account balances. This potentially meansthat purchases are not managed or regulated, and exposes the company to ahigher concentration of risk.

ProcedureIdentifies customers with no credit limits.

Analytic LogicExtracts all customers that have no credit limit in the system.

ContextCustomer trading limits should be assigned to all customers as this is an indication of the authorised exposure per debtor. Customer amounts owing are also managed in terms of the credit limit.

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Output Results Field Names

Output Visualization Examples

Company Code Company Name Customer Number Customer Name Customer Credit Limit

Amount in Reporting Currency

Report Currency Amount in Document Currency Document Currency Item Text Creation Date

Total outstanding debtor amount by creation date and customer

Pie graph of customers with no credit limitsPie graph of customers with no credit limits

Extracts all changes to customer credit limits

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ACL ESSENTIALS –ACCOUNTS RECEIVABLE

ACL ESSENTIALS | ACCOUNTS RECEIVABLE | AR_ANALYTIC_06_ARCS106

RiskInaccurate and/or overstated debtor account balances.

ProcedureIdentifies all changes to debtor credit limits.Note: This analytic can be used by auditors to detect unauthorized changes to acustomer's credit limit.

Analytic LogicExtracts all changes made to a customer's credit limit from the relevant logchanges table.

Output Results Field Names

Output Visualization Examples

ContextCustomer trading limits should be assigned as this is an indication of the authorised exposure per customer. Debtor amounts owing are also managed in terms of the credit limit.

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Company Code Company Name Customer Number Customer Credit Limit

Document Date Change User ID Change Control Date

Credit Limit Change Date

Change User Name

Change to customer credit limit by changed user name and credit limit

Change to customer credit limit by changed date, credit limit and customer

Customer Name