Accounts Receivable Aging Report
Accounts Receivable Aging Report Definition This report shows the Number of Accounts Receivable / Debtors or Customers that make periodic payments to Company during the Accounting Period. It shows those time periods of Unpaid Invoices during which the customers are still not making payments to company due from them for the goods sold or services rendered on account. As Accounts Receivable Aging Report shows the Customer Behavior in making over dues payments, so it is helpful in determining the Allowance For Doubtful Debts . The Customer for whom the invoices remain unpaid over longer period of time, the company uses Higher Fixed Percentage of Total of Uncollectible Accounts Receivable. For Example, if the customer pays over 90 days, then the company may apply 15% To 20% of Total Uncollectible Accounts Receivable in order to get more accurate comparison between Actual And Unpaid Sales. Accounts Receivable Aging Table is Prepared ...