The following example shows the difference between aged transaction reporting based on invoice date and ageing based on invoice credit terms. The aged period preferences are set to 30, 60 and 90 days. Suppose you have the following invoices: Image Modified On 1 December, you run the Aged Receivables (Detail) report. The first time you run the report, you select to view transactions based on the invoice date. Aged by invoice date Image Modified From this report, you can see that: You run the report again, and this time select to view transactions based on the customer's credit terms. Aged by days overdue Image Modified From this report, you can see that: the most overdue invoice is for Leisure Landscape Nursery two A-Z Stationery Supplies invoices were recorded on the same day, but one is overdue and the other is not, indicating differing credit terms most of your outstanding customer payments are overdue.
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