Generating an accounts receivable aging report
To stay on top of unpaid customer invoices, you should generate and review the accounts receivable aging report on a weekly basis. If the payment terms for most of your customers are Net 30 and you see customers with balances that are 60 days and over, you need to send a payment reminder to customers or pick up the telephone and call them. In Chapter 2, Company File Setup, I showed you how to set up automatic payment reminders in QBO.
The accounts receivable aging report, also referred to as the A/R aging report, categorizes unpaid customer invoices into groups based on the number of days they are past due. In general, there are five main categories: Current, 1-30 days, 31-60 days, 61-90 days, and 91 and over. QuickBooks calculates the number of days they are past due based on the invoice due date.
Follow these steps to generate an A/R aging report:
- Navigate to Reports from the left menu bar, as indicated in Figure...
