Invoice Payment Summary

The Invoice Payment Summary report produces an analysis of payments made during the chosen period.  The report is divided into sections for full payments made, a payments summary, and invoices and credit summaries.

This report is provided to help companies and limited liability partnerships that twice a year must publish their payment practices, policies and performance to the government under 'Duty to report on payment practices and performance guidance' regulations . The purpose is so that larger companies can provide details of their payment practices to smaller companies.

Companies and limited liability partnerships that meet two of the following criteria are affected:

For guidance to reporting on payment practices and performance, please read this guide:  www.gov.uk/government/uploads/system/uploads/attachment_data/file/587465/payment-practices-performance-reporting-requirements.pdf.

Section

Description

Full payment made

This section of the report displays the following:

  • The count and percentages of invoices in the chosen period range that were paid within 30 days, 31 to 60 days, and more than 60 days.

  • The count and percentages of invoices in the chosen period range that were paid within payment terms and outside of payment terms.

Payment summary

This section of the report displays the following:

  • The count and value of payments in the chosen period.

  • Of the payments in the chosen period, the count that weren't fully allocated to one or more invoices.

Invoice summary

This section of the report displays the following:

  • The count of invoices posted in the chosen period that are fully paid.

  • The count of invoices posted in the chosen period that aren't yet due for payment.

  • The count of invoices posted in the chosen period that are overdue for payment.

  • The total count of invoices posted in the chosen period.

Credit note summary

This section of the report displays the following:

  • The count of credit notes posted in the chosen period.

  • The count of credit notes in the chosen period that have not been allocated.

To Print the Invoice Payment Summary

  1. Open the Purchase folder and then click Reports or click the Financials tab and then click Purchase - Reports on the Ribbon Bar.

  2. Click Invoice Payment Summary.

  3. In the Sequence list, select the sequence option you want. You can produce the report in account or type of supplier.

  4. Use the From and To lists to define the range of records you want included in the report.

  5. Select the required date range for the report. To comply with government requirements, the 'from' date defaults to 180 days (or 6 months) before the Opera date recorded on the Date & Company form.

  6. Click OK. On the Publisher form, click the tab to select the output device you want to use and then complete any settings or options you want to apply to the output device. To process the output, click Publish.