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What Is An Accounts Receivable Aging Report? An accounts receivable aging report is a record that shows the unpaid invoice balances along with the duration for which they've been outstanding. This report helps businesses identify invoices that are open and allows them to keep on top of slow paying clients.

Aging involves categorizing a company's unpaid customer invoices and credit memos by date ranges. Schedules can be customized over various time frames, although typically these reports list invoices in 30-day groups, such as 30 days, 31?60 days, and 61?90 days past the due date.

What are aged receivables and payables? Your aged receivables is essentially a list of your unpaid customer invoices for delivered products and services. Aged payables are the opposite: these are the invoices you have received from vendors that are pending payment.

An aging schedule often categorizes accounts as current (under 30 days), 1-30 days past due, 30-60 days past due, 60-90 days past due, and more than 90 days past due.

An accounts payable aging report is a critical accounting document that summarizes the bills and invoices owed by a business, broken down by vendor and due date. It shows columns with amounts grouped into Current, ranges for the number of days past due, and a Total amount column.

Understanding Aging Listed on the balance sheet as a current asset, it tells us any amount of money owed by customers for purchases made on credit. Aging involves categorizing a company's unpaid customer invoices and credit memos by date ranges.

To calculate the age of an invoice in days, you can use a formula that subtracts the invoice date from today's date using the `TODAY` function. For example, if your invoice date is in cell C5, you can use the formula `=TODAY()-C5` to calculate the age of the invoice in days ¹.

What Is Accounts Receivable Aging? Accounts receivable aging is a periodic report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding. It is used as a gauge to determine the financial health and reliability of a company's customers.

The aging method categorizes the receivables based on the length of time an invoice has been due, in order to determine which customers to send to collections and who to target for follow-up invoices.

The report is broken down by the aging periods which are: Current - Due immediately. 1 - 30 days - Due within 30 days. 31 - 60 days - 1 month overdue. 61 - 90 days - 2 months overdue. 91 and over - More than 2 months overdue.