What is Aging Report?

The accounts receivable aging report is a list by a client by date of any open or unpaid invoices from you to your customers. It is the primary tool to manage the credit you have given to your customers and to make collection inquiries. Depending on your payment terms, columns are usually set up in 30-day increments as to whether your clients are paying their bill to you on time or late.

  • Accounts Receivable (A/R)

    Accounts Receivable are monies owed to a company by their customers (another business, a government entity or individual) for goods or services sold on terms. Accounts receivable are a Current Asset on a company’s Balance Sheet. In most businesses, the…

  • Accounts Receivable Factoring

    Also known as A/R factoring, factoring or general factoring. Factoring designed specifically for trucking companies is referred to as freight factoring.

  • Accounts Payable Financing

    Accounts Payable Financing allows a company to pay its supplier immediately (cash on delivery or COD) without having to use their own working capital. This is also known as trade credit financing. This type of financing gives the company a…

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