Aged Receivables
Aged receivables sorts what you are owed by how overdue it is. Bands run from current to 90 days late and more. The list shows which invoices need a reminder today.
What it means
One accounts receivable total tells you how much is owed. An aging breakdown tells you how worried to be. A pile of invoices that are all one week old is a normal Tuesday. The same pile with a third of it in the 61-plus-days column is a collections problem taking shape.
The buckets also match a reminder routine. Current invoices get nothing yet. Invoices 1 to 30 days late get a gentle nudge. Those 31 to 60 days late get a firmer one. Past 60 or 90 days, you decide whether it is still worth chasing or heading toward bad debt.
Your aging report shows $2,000 current, $600 at 1 to 30 days, and $340 at 61 to 90 days. The $340 needs a phone call today. The rest can wait for its normal reminder.
Treating every overdue invoice the same, whatever its age. A client three days late and a client three months late need different messages.
See also
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