Accounts Receivable Summary 2018
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Beth SaiAccounts Receivable Summary 2018
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Beth SaiCommon questions
Powered by AIThe financial transactions reveal that schools such as Immaculate Conception Academy, Our Lady of Sorrows Academy, and others consistently maintained a balance cut-off at the invoice settled amount (10,000.00 each). Parishes, however, like Our Lady of Snows Parish - Himamaylan and St. Michael Archangel Parish - Hinoba-an often retained higher outstanding balances post-payment, suggesting differences in revenue cycle, dependence on external financial influx (e.g., donations), or prioritization in financial planning. Discrepancies between educational institutions' disciplined advances versus parishes' conscientious deferrals highlight their respective financing and operational objectives, adding depth to maintenance choices.
San Isidro Parish - Magallon and St. Michael Archangel Parish - Hinoba-an both have relatively high remaining balances, each at 40,000.00 . These balances signify that although invoices were issued and expected payments occurred, full payments were not received by the due date. For San Isidro, no payment was recorded, while for St. Michael, the invoice issued on 04/06/2018 has not been followed by any payment, suggesting potential cash flow issues or delays in payment processing within these institutions.
Institutions such as Holy Rosary Academy and Kabankalan Catholic College demonstrate effective financial management by achieving a zero balance through prompt payments matching their invoiced amounts. Holy Rosary Academy settled a 10,000.00 invoice immediately on 05/11/2018, a day after its issuance, while Kabankalan cleared a 100,000.00 invoice within five days. Such efficiency could be attributed to disciplined budget management, availability of funds, and prioritization of accounts receivable management .
The pattern observed shows that invoices are often issued on or around May 10, 2018, for a range of different Catholic institutions. Payments, however, do not follow a uniform pattern in terms of timing. For instance, some payments precede the invoice dates, such as the Immaculate Conception Parish - Dancalan, which has a payment on May 9, 2018. Other payments occur shortly after the invoice is issued, like the Holy Rosary Academy which has a payment on May 11, 2018, immediately following its invoice on May 10, 2018 .
The observed pattern of simultaneous invoicing on May 10, 2018, across multiple institutions suggests a coordinated effort possibly due to shared administrative practices or centralized financial oversight. Analyzing varied payment responses, institutions such as those maintaining zero balances demonstrate favorable cash flow management, potentially indicative of strategic reserve allocations. In contrast, high unpaid balances in others might signal operational challenges or irregular incoming funds. Therefore, similar organizations can leverage timely invoicing coupled with versatile payment schedules to enhance liquidity and financial stability .
Magballo Catholic High School achieved account balance neutrality by matching a payment on 04/24/2018 of -15,000.00 exactly with an invoice of 15,000.00 issued on 05/10/2018, resulting in a zero balance . This suggests a strategic approach to maintain their account in balance by ensuring that payments are aligned with their receivables, indicating a proactive stance in managing their finances.
Parishes like St. Vincent Ferrer Parish - La Castellana, with significant residual balances like 35,960.00, likely struggle with sporadic cash flows due to their dependence on donations, which can be unpredictable compared to tuition or service fee-based income of schools such as Stella Maris Academy that achieve a zero balance swiftly . The tendency to have balance carry-overs in parishes may reflect variable financial inflows and potentially unplanned expenses, posing challenges in cash flow management and necessitating adaptable financial strategies to ensure operational continuity and service provision.
St. Vincent Ferrer Parish - La Castellana demonstrates a pattern of staggered payments after receiving a high-value invoice. Initially, a 150,000.00 invoice was issued on 04/06/2018. Payments followed in installments of -100,000.00 on 04/10/2018 and -14,040.00 on 05/10/2018, leaving a remaining balance of 35,960.00 . This indicates a behavior of partial settlement towards reaching the total invoice amount, possibly due to budgeting or cash flow considerations.
For Binalbagan Catholic College, the transactions result in a net balance of 0.00 as the payment of -50,000.00 on 05/08/2018 is completely offset by an invoice of 50,000.00 on 05/10/2018 . Conversely, Christ the King Parish - Magballo ends up with a positive balance of 6,200.00 after receiving a 20,000.00 invoice on 05/10/2018 and subsequent payments reducing the accounts receivable by -800.00 and -13,000.00 on 05/16/2018 . This indicates that while Binalbagan reached a zero balance, Christ the King Parish retained a significant outstanding balance.
St. Joseph H. of Mary Chaplaincy - Tabugon showed a method of managing its payable balances through incremental payments. After an initial payment on 05/07/2018 of -8,399.00, followed by another clearing payment on 05/16/2018 of -6,601.00, the account balance was brought to zero following a 15,000.00 invoice on 05/10/2018 . This reflects a structured clearing of liabilities that may indicate planning for similar methods in its associated institutions. Such structured settlements suggest an overarching disciplined financial strategy that reinforces fiscal stability amongst related entities.