AR Aging Report

An Accounts Receivable Aging Report is a detailed summary of unpaid customer invoices and unused Credit Memos. It categorizes the receivables based on the length of time an invoice has been outstanding and credits have not been utilized, helping businesses identify invoices that are overdue for payment. The categories are broken down into these intervals.

• 1-30 days

• 31-60 days

• 61-90 days, and

• More than 90 days.

This report is crucial for managing cash flow, assessing financial health, and determining the effectiveness of a company's credit and collection functions.

The report typically encompasses vital details such as customer names, invoice numbers, and credit memos. This report also reflects the total amount receivable after deducting the credit amount.

There are two types of AR Aging Reports available in Xoro:

• AR Aging Summary

• AR Aging Detail

In addition to the standard AR Aging Summary Report, Xoro also provides the AR Aging Summary (With Deposits) Report. These reports include unused customer deposits along with outstanding invoices, allowing users to evaluate the total outstanding receivables after considering deposits already available on the customer's account. This helps businesses understand both the amount still to be collected and the deposits that can be applied against existing receivables.