What is Overdue Invoices Amount
This metric tracks the total sum of unpaid invoices that have exceeded their payment date
Why Tracking Overdue Invoices Matters
Monitoring overdue invoices is critical for maintaining healthy cash flow and identifying potential issues with customer payments
Important Factors When Evaluating Overdue Invoices
When reviewing this metric, consider factors like the age of the debts, the payment history of the clients, and the total amount of overdue invoices as a percentage of all invoices
Optimize Your Overdue Invoices Management
To get the most out of this metric, businesses should use it to identify trends, set up follow-up procedures for overdue invoices, and consider implementing strategies to prevent late payments in the future".