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This window summarizes the status of the unpaid invoices and statement of the charges in accounts receivable.
Select Customers / A/R Aging Summary from the Free Accounting menu.
To view the balances for all the Customers 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 0-30, 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:
- 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 can not be more than the amount shown in the Unapplied Aging column.
- 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.
Right click on the line with the Customer information, press Print to view A|R Aging Summary report.
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