Spotlight on: Retrospective Aged Debtors and Creditors Reporting
Currently the Debtors and Creditors reports within Opera 3 allow you to view the associated outstanding debt 'as at today'; you cannot view the debt retrospectively, to look back at how the debt was at a date in the past. Pegasus, by taking request feedback on board from partners and customers, have introduced the ability to produce retrospective reports with the additional Debtors and Creditors reports that have been created. Take a look at this short video which highlights the new reporting functionality.
These new retrospective reports allow you to run the reports 'as it would have been' if it had been run at a specific date in the past. For example, to run the Debtors report as at the end of last month but importantly to show the outstanding debt as it was at the end of last month. This is commonly referred to as 'historical reporting' or as a 'historical date report'.
The benefits include how auditors, accountants and users can all see the exact debtors and creditors balances at any time in the past, but would most likely be used at period end or year end. The existing Opera II and Opera 3 data structures already provide sufficient information to be able to reconstruct retrospective Debtors and Creditors reports, so Opera II and Opera 3 customers who upgrade to Opera 3 (1.30) can benefit from this functionality straight away. Please note, this depends upon how long you are currently retaining your Sales Ledger and Purchase Ledger transaction data for
