🔹 FIFO Invoice Reconciliation Template Highlights 🔹
✅ Key Features:
1. Line-by-Line Automation: Automatically splits invoices and payments line-by-line.
2. FIFO Logic: First-In-First-Out applied by default (customizable to LIFO if needed).
3. Auto Reconciliation: Highlights outstanding and advance amounts clearly.
4. Payment Tracking: Calculates the time taken for each payment to be received.
5. Repurposable Design: Template can be used for provisions vs actual booking scenarios.
🧾 Data Handling & Instructions:
6. Each invoice or collection gets broken into multiple line items, enabling one-to-one mapping between invoices and collections.
7. The entire logic runs on FIFO by default. LIFO option can also be customized if required.
8. Multiple customers or vendors can be processed simultaneously in a single file.
9. Whether the net balance is a credit or debit, the logic handles it automatically.
10. Simply paste invoice and payment data in the provided format — that's it!
11. No need to sort by date or customer — the template auto-handles sorting and logic.
12. Paste your data starting only from row 3 onwards. Date should be in such a format which excel recognise it as a date.
13. ⚠️ Do not insert or delete columns in the input sheet. It may break the logic.
14. For more powerful automation, visit 🌐 www.ChampExcel.com or mail us at [email protected]
