Aged receivables report

Seeing risk before it hits the bank

An ageing report is prepared each month as part of close, splitting every open customer balance into current, 30, 60 and 90-plus day buckets. Balances are reconciled to invoices and payments recorded in QuickBooks Online, Xero or Zoho Books, so the figures match what the ledger actually shows rather than a rough estimate.

Any invoice under dispute or on a payment plan is noted separately, so it does not distort the ageing picture for a customer who is genuinely current on the terms you agreed. Accounts moving into a higher-risk bucket month over month are called out, giving you time to act while there is still a working relationship to protect.

A clean ageing report also feeds the Zakat base and corporate tax figures a resident capital company reports each year. A mixed-ownership company, with both Saudi or GCC shareholders and non-Saudi shareholders, splits its results between the 2.5% Zakat charge on the local share and the 20% corporate income tax on the non-Saudi share, and accurate open receivables matter to both calculations, not just to cash planning.

Write-offs stay your call

Bad-debt candidates are flagged for your review, with the history behind each one. Deciding whether to write off a balance, and how that interacts with your VAT position, sits with you and your tax preparer, not with our bookkeeping team. The report itself is kept in the same format month over month, so a partner, a bank or a corporate CFO reviewing three months side by side sees a genuine trend rather than three reports built on different assumptions. For SMEs and startups licensed through Monsha'at, a consistent ageing history is often the first thing a bank or lender asks for before extending working-capital financing.