Supplier balances show what you owe each of your suppliers in one place. Keeping an eye on them helps you plan payments and avoid surprises. Here is how to review them.
From the CRMit menu on the left, select Supplier Balance List. This shows the amount owed to each supplier.
Read down the list to see the outstanding balance for each supplier and a total of what you owe overall.
Sort or filter the list to find the biggest balances or the suppliers you want to pay first, so you can plan your payment run.
Open a supplier to see the individual purchases that make up their balance.
Record each payment as you pay it. The balance updates so your figures always reflect what is still outstanding.
Tip: Review this before your payment run so you pay the right suppliers the right amounts and keep your figures tidy.
Keep your balances accurate by recording purchases as they come in and adding new suppliers as you take them on.
Book a quick demo and we will walk you through tracking supplier balances and planning your payments.