I think you mean an aged Accounts RECEIVABLE report.
If you are familiar with auditing, the auditor needs to perform a risk assessment and satisfy certain assertions with regard to accounts. One assertion for Accounts Receivable (A/R) is Valuation & Allocation, which basically asks the question, "Is the account valued correctly?"
The auditor must perform tests and gather audit evidence to satisfy this assertion, one procedure includes examining a company's aged A/R report, which list the company's customers that owe money to the company. The report states which balances have been owing for different lengths of time, and normally an estimate is made to determine what values of A/R is uncollectible.
If the company has not made an appropriate adjustment to account for these uncollectible amounts, normally the auditor will suggest that an entry is made to do so, or else the account is not valued correctly. If management refuses the entry, the auditor would have to decide how their audit opinion would be affected.
Accounts payable
Accounts Payable aging report helps the management to evaluate that which of there payments are going to due at which date in this way this helps the management to assign or manage the amount requires to pay when they are due to pay.
An accounts payable aging report is a list of amounts owed to creditors (people you owe money to) and this list shows how overdue the debt is. The report tells you whether the debt is current, 30 days overdue, 60 days overdue, 90 days overdue,etc.
sample of accounts aging report
Describe the data which will be used to prepare the account receivable aging report
Accounts payable
Accounts Payable aging report helps the management to evaluate that which of there payments are going to due at which date in this way this helps the management to assign or manage the amount requires to pay when they are due to pay.
An accounts payable aging report is a list of amounts owed to creditors (people you owe money to) and this list shows how overdue the debt is. The report tells you whether the debt is current, 30 days overdue, 60 days overdue, 90 days overdue,etc.
sample of accounts aging report
Describe the data which will be used to prepare the account receivable aging report
Accounts Receivable Aging Report is a report showing how long invoices from each customer have been outstanding. It is an analysis of accounts receivables broken down into categories by length of time outstanding. For more information, please refer to the related link.
in tally or SAP separate T.code availble for aging please you can check and try
Have a positive effective on company by this company know that it has less short term liabilities.
Aging analysis refers to the process of categorizing and analyzing outstanding balances on accounts receivable or accounts payable based on the length of time they have been outstanding. This helps businesses understand which invoices are overdue and to what extent, allowing them to prioritize collections or payments accordingly.
An aging report shows who and/or how much is still due to you and possibly past due......most aging reports show 30, 60, 90 days.....so basically you will see who still owes you and possibly in the arrears.
The aging report is an important tool used by collections staff to determine accounts which are overdue and therefore require them to contact customers.Aging report tool is also used to estimate potential bad debts which are used to revise the provisioning norms. It also serves as an alert to the management on the increasing risk when the provisioning amount on the aging is revised subsequently over the months.
An accounts receivable aging report summarizes your receivables on their age - how long they have been outstanding. So all the unpaid invoices posted in the past month are current, all the unpaid...The accounts receivable aging schedule is a listing of the customers making up your total accounts receivable balance.