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Related to Aging schedule: Quality management
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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