In Payt, you can find various reports that summarize your cash flow. This support article explains how we calculate these reports.
What data is used for the reports?
Payt uses the following data to calculate reports:
- Reports consider figures from a maximum of 18 months back. This period may be shorter if the first invoice was imported into Payt less than 18 months ago.
- Data is grouped by calendar month.
- Figures for the current month are updated at most once a day. As a result, reports might not display data from the latest import.
- Figures for older months are not updated by default. If retroactive changes have been made to previous months' data, you can request the service desk to recalculate your figures.
- Reports are always calculated in the currency in which the bookkeeping is conducted.
How is the Days Sales Outstanding (DSO) determined?
DSO = outstanding amount / average daily revenue
- Outstanding = An invoice that has not been fully paid
- Outstanding amount = The total value of all invoices still unpaid at the end of the month
- Average daily revenue = The total value of all invoices from a given month plus the previous 11 months, divided by the total number of days in those 12 months
Note the following:
- Credit notes are not included in the DSO calculation.
- The month an invoice belongs to is determined by its invoice date.
- If an invoice is partially paid, it is still considered outstanding. The full invoice amount is included in the calculation, which may slightly increase the DSO compared to a calculation that accounts for partial payments.