Importance of Following-up your outstanding debtors

Importance of Following-up your outstanding debtors

Almost every business has to chase debtors – it’s crucial for healthy cash flow. However, time spent chasing debtors is time you can’t spend on your core work. That’s why it’s important to have a debtor’s follow up plan that makes the best use of your time. Below are some reports that are provided in LEAP to assist you with chasing your debtors:

1 – Aged Debtors Report

  1. From the main screen in LEAP
  2. Select  Reports from the main menu
  3. Select  Open New Reports Window
  4. Select the Office Tab
  5. Select Aged Debtors
  6. Select how you would like the report to be grouped :-  Staff Responsible, Staff Acting, Matter Type or Client
  7. Select View report

2 – Statement of accounts

  1. From the main screen in LEAP
  2. Select  Reports from the main menu
  3. Select  Open New Reports Window
  4. Select the Office Tab
  5. Select Statement of Account – Summary
  6. Select View report
  1. Scheduling LEAP Reports

The Aged Debtors report can be scheduled to run automatically and emailed to selected people once a week.

  1. From the main screen in LEAP
  2. Select  Reports from the main menu
  3. Select  Open New Reports Window

LEAP Reports will open in a window/tab of your default browser.

  1. Click  on the far right-hand side of the blue bar.
  2. Click  and enter a Name (File As) for the report.
  3. Select the appropriate options for your report, e.g., report format and staff type.
  4. Enter and/or select who will be receiving the report by email and add a description that will be included in the email when the attached report is generated and sent.
  5. When you’re finished, click Save.

If you require any further information or training on LEAP please email caroline@lpmc.net.au also follow the Legal Practice Management Linkedin page for other tips on using LEAP.

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