Aging schedule

(redirected from Receivables Aging Schedule)

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 ?
Days sales outstanding (DSO) and the receivables aging schedule all too frequently provide misleading or incomplete information about the status of receivables since both incorporate the impact of fluctuations in sales levels.
As can be seen from our brief look at May and November, neither DSO nor a receivables aging schedule can provide unbiased insight into changes in the status of receivables.