Glossary
What is aged receivables?
Aged receivables is a report that groups what customers owe by how late it is.
Typical columns are current, 1 to 30 days, 31 to 60 days, 61 to 90 days and over 90 days. The older a debt gets, the harder it usually is to collect.
Example
A report showing $3,000 current and $1,200 over 60 days tells you where to focus.
In Australia
Xero and QuickBooks both have an aged receivables report built in.
General information only, not legal or financial advice.