The Accounts Receivable Template With Aging is an Excel spreadsheet designed to help businesses track their accounts receivable, or debts owed to them by customers for goods or services that have been sold on credit. This template allows users to create aging reports that show how long the accounts receivable have been outstanding, as well as generate debtor-specific or date-specific reports.
Accounts receivable are claims for payment that a business holds for goods or services sold on credit. They are considered a current asset on a company’s balance sheet and can be divided into trade receivables, which come from routine sales activities, and non-trade receivables, which are other types of receivables such as loans to employees. Aging refers to the amount of accounts receivable that are overdue beyond a company’s credit limit, which is typically set by the credit department and based on the finances and payment history of the customer.
What is Ageing?
The total amount of accounts receivable which a company allows to debtor/customer is often limit by a credit limit. This limit is set usually by the company’s credit department. The payments delayed over this credit limit is called aging.
These limits are attach on the finances of the buyer and its payment history. You can increase or decrease the credit limit period according to the market conditions.
Editable Debtor Ageing Report Template
Aging reports are important for monitoring the billing and collection process and for managing credit policies, as well as for predicting cash flow and identifying potential bad debts. They can also be used as collateral for loans and to determine allowances for doubtful debts when preparing financial statements. The Accounts Receivable Template With Aging includes a header section and a data input section for recording sales entries, as well as an accounts receivable aging report section. It also includes journal entries for recording bad debts and bad debt recovery.
We have created an this Template with advanced Aging functions. With Template you can efficiently and easily record the sales entries.
This template consists of two sections: Header Section, Data Input Section, and Accounts Receivable Aging Report Section.