Aging Report

An aging report is a detailed summary of overdue accounts, typically divided into categories like 30, 60, and 90 days overdue. It serves as a tool for businesses to evaluate the status of their accounts receivable and determine which accounts need immediate action.

By using an aging report, businesses can track overdue payments and prioritize collections efforts, improving cash flow and reducing DSO. AI-driven AR systems automatically generate aging reports in real-time, providing businesses with up-to-date insights on overdue accounts. Automation of the aging report process ensures accuracy and minimizes manual work, allowing AR teams to focus on high-priority tasks.

Regularly reviewing aging reports helps businesses make informed decisions and optimize their collections process. This optimization contributes to better liquidity and financial stability.