Accounts Receivable Aging

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Accounts Receivable Aging

Accounts Receivable Aging Menu

File:Accounts Receivable Aging Menu.png

Accounts Receivable Aging Menu

Accounts Receivable Aging are list of Accounts Receivable that has not been paid by User. This report categorizes the set of invoice that has been outstanding over a specific period(can be within a month range, 2 months range or over 2 months)

Accounts Receivable Aging Menu Terms on Oojeema Prime System:

1. Record Filter(Customer and Date) -Set of filter record for precise search of records.
   • Records will be defaulted to set on Filter All for customers and the current date for the Date Range.
2. Customer - The customer assigned for the specific Receivables.
3. Reference - The reference record for the Accounts Receivable of the Customer.
   • Clicking the Receivables link will let the user view the status of the Receivable.
4. Transaction Date - The date when the Receivable is issued.
5. Terms - the set default days on the customer for them to pay their outstanding balance on their receivables.
   • Aging will start when the days on the Terms are exceeded.
   • Default Terms can be edited through Customer Maintenance Module.
   • This Terms is different from the Terms Maintenance Module.
6. Due Date - The date on which the receivable should be paid.
   • Due dates will based on the Transaction date plus the Terms applied on the customer.
   • If there are no Terms applied on the customer. The due date will be automatically set into 7 days after the Transaction Date.
7. Current - The balance to be paid on the receivables during the span of Transaction date up to Expiration Date.
8. Aging Range - a range of days where the receivable exceeds to its due date.
   • Range will be categorized within 30 days , within 60 days and more than 60 days.
9. Balance - the total amount to be paid on a specific Transaction.

Notes:

• Customer record must be ACTIVE status in order to check its receivable aging records.
  • Customer records can be seen in Customer Maintenance Module.
• For detailed instructions on how to view Receivables as well as how to Export the Aging Report. The user may visit the Accounts Receivable Aging Job aids which can be found here.