Accounts Receivable Aging

Financial Statement | Accounts Receivable | Accounts Receivable Aging | AR Detailed Report | AR Transaction Report

Accounts Receivable Aging

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)

Requirements before using Accounts Receivable Aging

• The user should setup and have the following records in order to proceed on using the Accounts Receivable Aging
  1. Customer
  2. Accounts Receivable

Accounts Receivable Aging Menu Terms on Oojeema Prime System:

Field	Description
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. Export	Allows the user to Export the report into Spreadsheet
3. Customer	The customer assigned for the specific Receivables.
4. 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.
5. Transaction Date	The date when the Receivable is issued.
6. 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.
7. 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.
8. Current	The balance to be paid on the receivables during the span of Transaction date up to Expiration Date.
9. 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.
10. 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.

Filtering Records and Exporting Accounts Receivable Aging

1. Click Reports under Main Menu
2. Under Reports Page, Click Accounts Receivable Aging under Financial Statement Reports.
3. Under Accounts Receivable Aging, click the Export Button on the right side. Take note that the user can filter the date and the customer for precise exportation of records.

Viewing Vouchers on Accounts Receivable Aging

1. Click Reports under Main Menu
2. Under Reports Page, Click Accounts Receivable Aging under Financial Statement Reports.
3. Under Accounts Receivable Aging, click the reference links under reference column to check the records corresponding to the customer’s transaction on a specific date.
   • The user may Received the payment when viewing a specific Accounts Receivable record.
   • The user may tag a Profit Center when viewing a specific Accounts Receivable record
     • The user may only tag a Profit Center if the status is not yet Posted