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Client Aging Reports
There are two types of Client aging reports: Client
Invoice Aging and Client Account Aging. These reports
show how much clients owe you. Both show essentially
the same information -- accounts receivable -- but
in more or less detail. The Client Invoice Aging
shows individual unpaid invoices by client. The
Client Account Aging doesn’t show invoices;
instead, it shows account totals only.
Both reports are useful to management, but have
different purposes. The Client Invoice Aging shows
every unpaid invoice, along with the aged balances.
It’s most often used to track down late-paying
clients and their invoices. The invoice aging can
be a long report if you have a large number of unpaid
invoices. The Client Account Aging is a short report,
since it shows only one line per client -- but may
not show enough information to help plan your cash
requirements. Its most practical use is to quickly
see who owes you money.
Client agings can be printed any time during the
month, but especially at month-end. Client aging
reports are always up-to-the-minute accurate, showing
any invoice with a balance due. They can show what
the client owes as of the moment the report is printed.
To print a client aging report
1 Choose Snapshots > Account Agings.
The Account Agings Reports page opens.
2 Select Client from the Show pull-down menu.
3 Choose to print the invoice aging report
or the account aging report.
4 Click Print.
Vendor Aging Reports
There are two types of Vendor aging reports: Vendor
Invoice Aging and Vendor Account Aging. These reports
show how much you owe to vendors. Both show essentially
the same information -- accounts payable -- but
in more or less detail. The Vendor
Invoice Aging shows individual unpaid invoices
by vendor. The Vendor
Account Aging doesn’t show invoices; instead,
it shows account totals only.
Both reports are useful to management, but have
different purposes. The Vendor Invoice Aging shows
every unpaid invoice, along with the aged balances.
It’s most commonly used when preparing to write
checks, since it can be used as a checklist of the
bills to pay. The invoice aging can be a long report
if you have large unpaid balances. The Vendor Account
Aging is a short report, since it shows only one
line per vendor -- but may not show enough information
to help plan your cash requirements. Its most practical
use is to quickly see to whom you owe money
Vendor agings can be printed any time during the
month, but especially at month-end. Vendor aging
reports are always up-to-the-minute accurate, showing
any invoice with a balance due. They can show what
you owe as of the moment the report is printed.
To print a vendor aging report
1 Choose Snapshots > Account Agings.
The Account Agings Reports page opens.
2 Select Vendor from the Show pull-down menu.
3 Choose to print the invoice aging report
or the account aging report.
4 Click Print.
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