Draft Age Invoice For Free

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In accounting, the term aging is associated with the accounts receivables of a business. It is the classification of accounts by the time elapsed after the billing date or due date. An account aging report lists the outstanding balances of clients and the length of time the invoices have been outstanding.

The length of time invoices have been in your system without having been paid.

Divide by # of days To find inventory age for your own products, follow the formula: average inventory age = average inventory cost ÷ cost of goods sold x 365.