Accessing AR Aging Report
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The Accounts Receivable (AR) Aging Report provides a snapshot of outstanding customer invoices and their payment status. This report helps businesses identify potential cash flow issues, monitor customer payment trends, and take proactive measures to improve collections.
Upon selecting the AR Aging Summary option, you will be prompted to select a document template. From the "Select Document Template" dropdown menu, select the desired report to view.
AR Aging Summary (By Due Date): This report provides a condensed view of outstanding receivables categorized by their due dates. It summarizes the total amount due from customers, grouped into aging categories based on how long the invoices have been overdue.
AR Aging Detail (By Due Date): Offering a detailed breakdown, this report lists each outstanding invoice by its due date, showing individual amounts, customers, and how long the invoice has been outstanding. It's valuable for managing specific overdue accounts. This report also shows the unutilized credit memos.
AR Aging Summary (By Invoice Date): Similar to the aging summary by due date, this version organizes outstanding invoices by their original invoice dates. It provides a quick overview of receivables based on when the sales were made, grouped into aging categories.
AR Aging Detail (By Invoice Date): This detailed report outlines every individual invoice, grouped by the invoice date rather than the due date. It includes detailed information such as invoice amounts, customers, and aging categories, aiding in a precise follow-up on receivables. This report also shows the unutilized credit memos.
The AR Aging Report offers filtering options based on various date ranges. By default, it displays data for "This Fiscal Year-To-Date." To view the report for a different period, simply select the desired timeframe from the options on the right side of the screen and click "Preview."
Additionally, you can choose a Custom period by selecting the "Custom" option, inputting the specific dates, and then clicking "Preview" to generate the tailored report.
