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
- From the main screen in LEAP
- Select Reports from the main menu
- Select Open New Reports Window
- Select the Office Tab
- Select Aged Debtors
- Select how you would like the report to be grouped :- Staff Responsible, Staff Acting, Matter Type or Client
- Select View report
2 – Statement of accounts
- From the main screen in LEAP
- Select Reports from the main menu
- Select Open New Reports Window
- Select the Office Tab
- Select Statement of Account – Summary
- Select View report
- Scheduling LEAP Reports
The Aged Debtors report can be scheduled to run automatically and emailed to selected people once a week.
- From the main screen in LEAP
- Select Reports from the main menu
- Select Open New Reports Window
LEAP Reports will open in a window/tab of your default browser.
- Click on the far right-hand side of the blue bar.
- Click and enter a Name (File As) for the report.
- Select the appropriate options for your report, e.g., report format and staff type.
- 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.
- 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.