Debtors' book

Debtor's book refers to the records of customer invoices and payments. Outstanding amounts are reflected according to the length of time they have been outstanding, for example: current, 30 days, 60 days, 90 days. If you are looking to use your debtor's book to raise finance, then be aware that lenders will not be interested in outstanding debtors, as there is a risk that the clients may not pay the debt.