Glossary
Debtor
Debtor means someone who owes. In the accounts your debtors are the customers you have sent an invoice that has not yet been paid. Their sum is an asset in the balance sheet: money you are owed. In Danish the word is debitor.
Updated 21 October 2026
What is a debtor?
When you send an invoice for 7,500 kr., the revenue is booked at once, although the money arrives later. The amount lands on the control account Debtors, and the customer stands as a debtor until the payment comes in. When it does, the payment is settled against the invoice, and the customer's debtor balance goes to zero.
A debtor list shows who owes what and when the invoices fall due. It is the basis for payment reminders and for judging whether a receivable is at risk. The counterpart is the creditor: a supplier you owe money.
Debtor in Veneti
In Veneti a customer invoice lands on Debtors, and when the payment arrives from the bank, Veneti settles it against the invoice, so you can always see what remains outstanding. Should a customer forget, you can send a payment reminder.
Under Reporting the Receivables report shows an account statement per customer with balance and open items, and its bottom line reads Receivable balance. You can also ask Luca what a customer owes and get the answer with invoice numbers and due dates.
Related terms
- Creditor: the counterpart, the supplier you owe money.
- Settlement: how the payment is matched with the invoice.
- Credit note: how an invoice is reduced or cancelled.