Supplier Balance Summary

In businesses that rely on purchasing goods or materials on credit or maintaining ongoing relationships with recurring suppliers, it becomes essential to track the financial balance of each supplier.

The "Supplier Balance Summary" report in Wafeq provides a focused view of your financial obligations to suppliers during a time period you define, showing the opening balance, total debit and credit movements, and the closing balance.

This report allows you to easily answer questions such as:

• What is the total amount owed to suppliers at the end of the period?

• How has the balance changed since the beginning of the period?

• Have the supplier payments been made, or has your liability increased?

In this guide, we will explore the steps for viewing the report and its details.

How to View the supplier Balance Summary Report?

Click on "Reports" in the main menu, then click on "supplier Balance Summary" under the "Purchases" reports.

You can control the display or hiding of the following columns by clicking the "Edit Columns" button and enabling or disabling the desired column:

• Closing Balance

• Credit

• Debit

You can also provide feedback on the column display control feature by clicking on "Share Feedback ."

You can perform the following actions on the report:

• Customize the report based on the time period (e.g., Last 3 months, Last 12 months, or a custom period).

• Filter the report data by branches / cost centers / projects.

• Download the report by exporting it as an Excel or PDF file.