Get an instant snapshot of accounts receivable, or reestablish a starting balance as of a certain date<\/strong> by using this audit function. You can view the report for your company as a whole, for a single business unit or for several BUs.<\/p>\n Daily Balance Log defaults to all transactions for your company in the current month to date. You can change the start date for reporting transactions to find previous starting balances.<\/p>\n The report lists all dates within your specified range on which transactions occurred that affected your accounts receivable and displays the day\u2019s\u00a0beginning balance, the amounts from transactions that increased and decreased A\/R, and the day\u2019s ending balance after the increases are added and the decreases are subtracted.<\/p>\n Daily Balance Log uses the entered date of a Receivables transaction instead of the post date (when it was closed out) to match the Aged A\/R report<\/a>.<\/p>\n You can view any listed day\u2019s transactions broken out and grouped according to type (invoices, payments, debits, voids, write-offs, etc.). You can also sort these breakout lists by invoice number or date.<\/p>\n You can export the report and breakout lists as\u00a0Excel<\/em> or CSV files to save, share, print, or use in other applications.<\/p>\n TL;DR: Use this audit function to see accounts receivable balances for any date; for example, if you need to reestablish a starting balance as of a certain date.<\/strong><\/p>\n Business Unit (BU):<\/strong>\u00a0One of your company\u2019s revenue centers or any\u00a0entity in your business that you want to track separately, such as\u00a0branch offices, other companies you own, affiliates, and profit-sharing\u00a0operations.<\/p>\n","protected":false},"excerpt":{"rendered":"MR9 concepts in this lesson<\/h4>\n