This is just a quick question about a niche user case.
I stumble about this when creating the Italian chart of account.
I need to report separately if the debt(or part there of) will be pay in the current fiscal year, or the next.
An example of a balance sheet with this quirk:
- Crediti: credit (separated by “type of debtor” this case)
- Entro 12 mesi: the credit will be paid this fiscal year (Within 12 months is the literal translation)
- Oltre 12 mesi: the credit will be paid in the next fiscal year (after 12 months is the literal translation)
Usually this is done manually by the accountant and two sub account, but I’m wondering if this can be(or already is) automated.
I know the information is there (by using the payment term), so the question is if there is a already a way to create a report with this information automatically.
(dind’t tested it yet, but does Reporting based on date range keep track of the payment terms for each line)
If there is not a solution right away, what should be the best approach resolving for this problem?