You are here
What is an Aged Debtor Report?
Simply put, the aged debtor report lists a detailed account of which customers (debtors) owe your company money, how much they owe your company, and when they are supposed to complete payment.
Working with the aged debtors report
The aged debtor report is important information for you as a business owner to have, but it is useful to others as well.
Your company’s bank manager could wish to see this information if you have applied for or are applying for a loan. Having a high total number of customers who have owed you money for more than 30 days (for example) could indicate that you are not being paid by your customers (debtors) in a timely manner.
Details about the aged debtor report in e-conomic
In an e-conomic aged debtor report, the first three columns show the customer number, the name and the customer group of the customer (the debtor) that owes you money.
’Not yet due’ shows what the customer owes from the current month (ie, August in this example) from which they have just been invoiced. Their payment date has not arrived yet. The columns that say ’0-15 days’, ’16-30 days’, and ’>30 days’ describe the length of time since the payment has been due. ‘Balance’ tells you how much the customer owes you to date.
In the e-conomic Online Accounting System you can view your company's aged debtor report to find a quick overview of which customers still owe you money, and how long they have owed you.
You can learn more about how to create an aged debtor report in e-conomic in our help site E-copedia.
Try reviso for free for 14 days
Reviso is a cloud accounting platform providing efficient online collaboration between small businesses and accountants.
Choose between two different trials, both containing all the core features of our accounting system. One of the trials is without data and can be upgraded to a subscription within the 14 days period.