Delayed Payments of Rent Invoices
What is it?
Delayed Payments of Rent Invoices is a key performance indicator that measures the number of rent invoices that have not been paid within the agreed payment period. This KPI provides insight into the company's cash flow and liquidity by indicating the amount of overdue rent receivables.
How is it calculated?
Number of rent invoices that was paid after the due date or unpaid invoices where the due date is past
* Includes only those rent invoices where the invoice date falls within the specified time period.
Why is it important to follow?
Carefully tracking delayed payments of rent invoices is crucial for ensuring a stable cash flow and good liquidity within the company. By gaining insight into the amount of delayed payments, the company can take necessary actions to collect payments and reduce the risk of liquidity issues. It also helps identify tenants who have recurring payment problems, allowing adjustments to credit terms or improvements in billing and follow-up processes. This way, the company can improve its financial stability and ensure it has sufficient funds to cover its own expenses and investments. Additionally, this KPI can help improve customer relationships by identifying problem areas and developing strategies to support tenants in their payment processes.
Created by Homepal
7/3/2024
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