💰 Managing Family Debts
Managing family debts is tied directly to the Woodlands KPI (Key Performance Indicators) All Woodlands Campus must work towards maintaining family debts to be under $10,000.
The following guide is designed to help you manage family debts to ensure you are maintaining the Woodlands KPI (Key Performance Indicators). The best method to maintaining family debts is to generate an Aged Debts report from Xplor Office.
🙋♂️🙋♀️ What is an Aged Debtors Report?
Essentially, aged debt is a measurement of the total amount of money owed to your business by customers. Consequently, an aged debtors report is a complete list of all the invoices that haven't yet been paid, minus any credit notes that have been issued to your customers, and not yet refunded.
Method to Managing and Maintaining Family Debts
- 💻 Login into Xplor office - (https://prodadmin.myxplor.com/)
- 👆 Select Reports > Financial Reports > Aged Debtors
- 📅 From Date - Select Today Date > Export CSV
- 🔽 Download Report and Open (Recommended to open the report in google Spreadsheets/Goog Drive)
- 💰 Under the Column (Total Owing) > Highlight the first amount to the end of the column > select Sum, and this will Sum up the Total Campus Family Debt
🧮 How to Sum up the Total Woodlands Campus Family Debt
👩👩👧👦 Method to Managing and Maintaining Individual Family Debts
Use the Woodlands families debtors report to identify families that have outstanding debt. The Aged Debtors Report will show active and inactive families. Any amounts under $2 for inactive families that are no longer at the Campus or attending, the amount can be wiped by adding a Financial Adjustment.