How to Check Payment performance of Debtors in Tally ERP 9

Tally.ERP 9 tracks the payment performance of all debtors and generates report containing information in respect of average time taken by the debtors to pay back their debts. The payment performance of debtors is calculated in two ways.

Using Receivables formula: Tally.ERP 9 calculates the payment performance of your debtors using the following formula,

• Payment performance by formula: (closing balance / total sales) * nos of days
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• ‡Or calculates the performance of the debtors using the actual bill cleared date.
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• To view Receivables turnover
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• Go to Gateway of Tally > Ratio Analysis
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• Select Recv. Turnover in days (payment performance of Debtors)
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• Press Alt+F1 for detailed view