Monthly aging of invoices
Analyzing aging periods can help you monitor your receivables and payables, including tracking due dates for invoices and overdue payments.
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Jul 1, 11
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Jul 22, 11
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Jul 14, 11
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Aug 4, 11
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Jul 2, 11
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Jul 2, 11
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Footloose Dance Studio
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Apr 30, 11
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May 30, 11
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Footloose Dance Studio
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May 12, 11
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Jun 11, 11
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Footloose Dance Studio
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Jun 29, 11
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Jul 29, 11
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Footloose Dance Studio
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Jun 30, 11
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Jul 30, 11
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Footloose Dance Studio
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Jul 6, 11
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Aug 5, 11
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Footloose Dance Studio
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Jul 21, 11
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Aug 20, 11
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May 26, 11
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Jun 7, 11
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Jun 10, 11
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Jul 7, 11
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Aging by invoice date using month names
Assume you age invoices monthly and identify your aging periods by month names. If you age these invoices by invoice date using any date in July 2011, the invoices will be aged as follows.
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Footloose Dance Studio
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Aging by invoice date using month numbers
Assume you identify your aging periods by month numbers. The results above would be the same, but with different headings, as follows:
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Footloose Dance Studio
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In this example, each aging period represents the number of months by which the invoices assigned to the period are overdue.
Aging by month name using invoice terms
If you were to age the transactions based on their invoice terms, the results would be similar; however, your report would show the month in which the invoice falls due.
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Footloose Dance Studio
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Aging by month number using invoice terms
If you were to age the example transactions based on their invoice terms and using month numbers, the results would look like this:
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Footloose Dance Studio
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