[Download] Full and detailed debt summary table template for 2023

The debt summary table helps monitor and manage finances effectively, thereby ensuring cash flow as well as the solvency of the business. In the article below, let's refer to 1C Vietnam's detailed debt summary table samples.

1. What is a debt summary table?

The debt summary table is an important financial management tool in the accounting and finance of a business or organization. This table is often used to track and manage a business's receivables and payables to customers, suppliers, banks or any other third party.

The debt table plays an important role in the financial management of a business. Specifically, debt tables help businesses:

• Closely monitor and manage receivables and payables.
• Determine the exact deadline for debt payment.
• Control risks arising from overdue debt.
• Build an effective financial plan.

2. Information required in the debt summary table

The debt summary table includes receivables and payables. Therefore, the information needed in the debt table includes:

2.1 Information in the receivables summary table

The receivables summary table is a table summarizing information about a business's receivables from customers. This summary table includes the following information:

• Code: Customer code, taken from the description column of the debt detail book.
• Customer name: Full name of the customer.
• Opening balance on the Debit side: The amount of money the customer still owes the business at the beginning of the accounting period, taken from the opening Debit balance column of the debt detail book.
• Credit balance at the beginning of the period: The amount the business still owes to customers at the beginning of the accounting period, taken from the credit balance column at the beginning of the period in the debt detail book.
• Amount arising in the period on the Debit side: The amount of money the customer owes the business in the accounting period, taken from the column of total debt arising during the period in the detailed debt book.
• Amount arising in the period on the Credit side: Amount of money the business owes to additional customers in the accounting period, taken from the column of total amounts arising in Credit during the period of the detailed debt book.
• Closing balance on the Debit side: The amount of money the customer still owes the business at the end of the accounting period, taken from the ending Debit balance column of the detailed debt book.
• Closing credit balance: The amount the business still owes to customers at the end of the accounting period, taken from the closing credit balance column of the debt detail book.
• Total: Total beginning balance, arising balance, ending balance of both Debit and Credit sides of customers.

2.2 Information in the summary table of liabilities

The payables summary table is a table summarizing information about a business's liabilities. This summary table includes the following information:

• Sequence number: Used to mark the order of payable debts.
• Content related to products and customers/suppliers: Includes name, product code, customer and supplier classification columns. This information helps businesses easily track and manage payable debts.
• Data information about payables: Including starting payables, payables at the beginning of the period, payables increasing, payables decreasing, payables at the end of the period. This information helps businesses evaluate the situation of their liabilities.

3. Excel functions used in the debt table

Excel functions used in debt tables help businesses perform calculations and analyze data quickly and accurately, from which businesses can make appropriate decisions to manage debt.

Below are some Excel functions commonly used in debt tables:

• SUM function: Used to calculate the total balance at the beginning of the period, the amount arising during the period, and the ending balance of receivables and payables.
• IF function: Used to check the status of debts, such as overdue or not overdue debt.
• VLOOKUP function: Used to search for information about customers and suppliers in the debt table.
• COUNTIF function: Used to count the number of overdue debts.
• AVERAGE function: Used to calculate the average payment time of debts.

In addition, businesses can use other Excel functions to meet their debt management needs.

4. Sample detailed debt summary table

For more convenience and speed in the process of preparing a debt summary table , businesses can refer to some of the templates below to change, adjust and apply in accordance with company characteristics:

4.1. Summary table of receivables

Immediately refer to the free receivables summary table template here .

4.2. Summary table of liabilities

Download the free and quick accounts payable summary table template here.

Thus, the article has provided basic information about the concept, benefits and suggested some debt summary table templates. Creating debt summary reports is a necessary requirement for every company. To make the above process simpler and save more time, businesses can apply 1C:Company Management software - a solution that provides all the necessary features to track and manage debt, support Create diverse, intuitive reports. From there, businesses can perform work more effectively. Contact 1C Vietnam immediately to receive advice on appropriate debt management solutions for your business.