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 ?
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, since we have stipulated no change in the payment habits of customers, all that the aging schedule is really telling us is that sales have not been constant.
When we calculate an aging schedule (Table 4), we again produce an incorrect analysis.
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.