Aging schedule

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Aging schedule

A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 days, and 60-90 days), which is used to determine if customer payments are keeping close to schedule.

Aging Schedule

A table arranging accounts receivable according to the days until due or days past due. For example, an aging schedule may list accounts receivable that are less than 30 days old, less than 45 days old, and/or more than 90 days old. An aging schedule helps a company determine which of its customers are paying on time and may also be useful in the estimation of cash flow.
References in periodicals archive ?
DISA provided transaction details, monthly fund balance with Treasury reconciliations, funding authorization documents, capital property existence, aging schedules for accounts receivable and accounts payable, journal voucher coordination with the Defense Finance and Accounting Service (DFAS), elimination reconciliations with trading partners, policies, and evidence of internal controls testing.
Responsibilities include working with outside vendors, reviewing ledgers and aging schedules, and working with Dun & Bradstreet reports.
It requires students to assume the role of auditor- assessing inherent and control risks, performing tests of controls, completing sampling plans, analyzing interbank transfers, accounts receivables aging schedules, plant asset additions and disposals, conducting an unrecorded liabilities search, and completing an audit report.
Recent aging schedules for receivables and payables.
Respondents were asked whether they use aging schedules, bad debt percentages, exception reports, ratio analysis, trends analysis or another measure to monitor their receivables.
However, the two primary criteria for reporting the receivables position to management were aging schedules and exception reports.
Traditional accounts receivable aging schedules fare no better.
We do not rely on days sales outstanding, nor on an aging schedule (Table 8).