This window summarizes the status of the unpaid invoices and statement of the charges in accounts receivable in Free Accounting.
Select Customers / A/R Aging Summary from the Free Accounting menu.
If you want to view the balances for all the Customers in Free Accounting you should press the All Customers radio button.
To view the balances for a specified Customer, press the Selected Customer radio button and choose the name of the Customer from the drop-down list.
For each Customer who owes money, the report shows:
- What the Customer owes for the current billing period (0-30).
- What the Customer hasn't paid for the previous billing periods. If the Customer has multiple invoices with your company, the report shows subtotal balances for all the invoices.
The 31-60, 61-90, and >90 columns show overdue balances for the previous billing periods. For example, an amount in the 31-60 column is between 31 and 60 days overdue.
By default Free Accounting does not calculate the Aging. To apply Aging use the following steps:
- Press the Apply Aging button in the Accounts Receivable Aging Summary window.
- Select Invoices, to which aging is to be applied, by checking the box in the Select column.
- Aging can be calculated more than once.
- Total Aging - The amount of aging that can be applied to the invoice.
- Applied Aging - The amount of aging that was applied before.
- Unapplied Aging - The difference between Total Aging column and Applied Aging column.
- Amount to Apply - The unapplied aging amount. This amount can be changed manually, but this amount cannot be more than the amount shown in the Unapplied Aging column.
Right click on the line with the Customer information, press Print to view the Free Accounting A|R Aging Summary report.
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