An aging report is an essential tool for companies to track the total amount of money clients owe. It categorizes the information based on the age of the receivables, such as 30-60 days. This helps determine which accounts are delinquent and in good standing, providing critical insights into cash flow. Therefore, it is crucial to have an aging report to get an accurate understanding of the company’s financials.
An accounts receivable aging report can be compiled by date range to show unused credit notes and unpaid client bills. This report helps collection staff identify which invoices need to be paid and assesses the credit and collection function. The Customer Aging report shows reversed transactions.
To access this report, Go to Reports> Reports and fill in the selection criteria for your customers
Conclusion:- The sums that your customers owe you are displayed in a customer aging report. Reversed transactions are also displayed in the Customer Aging report.
