Prev
Next
Forums Financial Management Lawson S3 Financials

Aging Reports (AR251) - F.O.R.

 1 Replies
 0 Subscribed to this topic
 43 Subscribed to this forum
Sort:
Author
Messages
BErnewayn
New Member
Posts: 2
New Member
1/24/2013 4:03 PM
    When looking at an Aging Report (AR251), what does F.O.R. stand for at the bottom of each client summary and overall total? I believe the term is comparable to the term DSO (Days Sales Outstanding). Thanks.
    John Henley
    Posts: 3353
    1/24/2013 9:13 PM
      Basically, correct. F.O.R. stands for "Funds Outstanding Ratio", and is a measure of days past due.

      This is from Lawson documentation:
      The FOR is not calculated for the future and current periods because the FOR applies only to invoices and debit memos and is always calculated using the invoice date. The FOR is calculated as follows: 1) for each transaction, multiply the days outstanding by the open amount to calculate the receivable days; 2) Add the open amount of all open items to calculate the total open amount; 3) add the receivable days of all open items to calculate the total receivable days; 4) divide the total receivable days by the total open amount.
      Thanks for using the LawsonGuru.com forums!
      John