Aged Payables

The Aged Payables Page, also known as the Payables Aging Report, provides a snapshot of outstanding amounts that a business owes to suppliers or vendors. It categorizes these amounts by the length of time they have been unpaid, helping users analyze liabilities and manage payment schedules effectively.

Features

1. Filter Option

Filter the report to display specific payables according to your criteria.

2. Aged Payables Table

The table categorizes payables into the following columns:

• Label: Displays the reference information for the payable (e.g., vendor details or purchase order number).
• Date: Indicates the date the payable was recorded.
• Journal: Specifies the type of journal entry (e.g., Vendor Bills).
• Account: Displays the associated account (e.g., Accounts Payable).
• Aging Categories:
  • 1–30 Days
  • 31–60 Days
  • 61–90 Days
  • 91–120 Days
  • Older: Represents amounts overdue for more than 120 days.
• Total: Summarizes the total outstanding amount for each payable.

3. Export to Excel

Download the payables aging report as an Excel file for further analysis or record-keeping.

Step-by-Step Guides

A. How to Use the Filter Option

1. Access the Filter:
   • Enter specific criteria to refine the displayed payables.
2. Apply the Filter:
   • Click Search to show results matching your criteria.

Frequently Asked Questions

Q: Can I update the payment status directly from this page?

A: No, updating payment status requires navigating to the relevant journal entries or vendor details pages.

Q: What should I focus on in the report?

A: Pay special attention to amounts in the “Older” category, as these are overdue and may incur penalties.

Q: How many entries can I view at once?

A: Each page displays a limited number of entries for clarity. Use pagination controls to access more.