Generating an accounts receivable aging report
The accounts receivable aging report, also referred to as the A/R aging report, categorizes unpaid customer invoices into groups based on the number of days they are past due. In general, there are five main categories: current, 1-30 days, 31-60 days, 61-90 days, and 91 and over.
QuickBooks calculates the number of days they are past due based on the invoice date. Business owners should review this report on a weekly basis and use it to follow up on invoices that are past their due date.
Follow these steps to generate an A/R aging report:
- Navigate to Reports from the left menu bar, as indicated in Figure 12.2:
Figure 12.2: Navigating to the Report Center
- Scroll down to the Who owes you section and select Accounts receivable aging summary, as indicated in Figure 12.3:
Figure 12.3: Selecting the accounts receivable aging summary report
Notice that there is an Accounts receivable...