How do you define shortfall in collections and for what period exactly? : Knowledgebase

How do you define shortfall in collections and for what period exactly? Print

Modified on: Fri, 1 Dec, 2023 at 3:50 PM

For monthly reconciliation, the shortfall is defined as the difference between the expected payable for the month and the total amount paid.

Example :

1 Expected payable for 1st to 31st oct : 100

2 Amount paid during October: 90

3 Previous dues for September: 10

4. Amount paid during October after adjusting any previous shortfall for the month : 20 (1-4)

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