Accounts
How to read receivable and payable ageing reports
IndustryX Suite Team 1 min read Intermediate
Available in Standard and above
What the report shows
Receivable ageing lists what customers owe, grouped by age such as 0-30, 31-60 and 61-90 days. Payable ageing does the same for what you owe suppliers.
Step 1: Open the report
Open the ageing report for receivables or payables and choose the date you want it as of.
Step 2: Read it
Start with the oldest column. Large amounts there are your biggest collection risk, or your biggest overdue payments.
Step 3: Act
- Receivables: call or message the customers with the oldest amounts, and review their credit terms.
- Payables: plan payments by due date and cash position, paying critical suppliers first.
Step 4: Review regularly
Check weekly. A rising share in older columns is an early warning for cash flow.