The aging of accounts payable tracks who your creditors are, how much you owe, and how long you’ve owed debts.
Accounts payable aging summary shows the number of overdue dates and amounts of the payables to a particular supplier. The debts consist of inventory, supplies, and services you buy to operate your business. The aging of accounts payable tracks who your creditors are, how much you owe, and how long you’ve owed debts. An aging report is a tool that organizes your business’s accounts payable balances. Accounts payables are amounts you owe to vendors. You incur payables when you receive a good or service on credit. The supplier invoices you, and then you pay them on a later date. Accounts payable aging summary helps you visualize amounts you owe. Using the accounts payable aging summary gives you an easy way to handle your debts. Accounts payable aging (tabulated via an aged payables report) is a periodic report that categorizes a company's accounts payables according to the length of time an invoice has been outstanding. It is used as a gauge to determine the financial health of a company.
In ACCOXI aging reports can be accessed from report modules and by selecting payables reports.
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FIELDS |
DESCRIPTION |
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Customize report |
Users can filter the report data using the customize report option. The reports can be filtered using the name of the supplier and Then by clicking run report user will get the filtered details of the report. |
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Users can print the reports in the reports module by clicking the print button user will be redirected to the report view menu where the user can print the reports and the user can also export the report data into an excel sheet, pdf file etc. |
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# |
Serial number of the data included in the table. |
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Supplier name |
Shows the supplier name of the particular transaction in this column |
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Current |
The current column includes the amount to be paid to a supplier which is on the due date. Or in other words the amounts that will due on the current date be shown in this column. |
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1-15 days |
In this column the amounts due to a supplier between 1-15 days are included here |
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16-30 days |
In this column the amounts due to a supplier between 16-30 days are included here |
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31-45days |
In this column the amounts due to a supplier between 31-45 days are included here |
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>45 days |
In this column the amounts due to a supplier more than 45 days are included here |
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Total |
The total overdue amount to a supplier is shown in this column |
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Pagination control |
It controls the page navigation and fetches data |
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Exit |
Below the pagination control, there is an exit button. If the user wants to exit the reports page click on the exit button. |
1.Page setup option bar:
2.Users can adjust the page view using the page setup option bar.
3.Print: Users can print the reports in the reports module by clicking the print button user will be redirected to print setup window where the user can adjust the print options.
4.Export: ACCOXI provides the feature for the user to export the report data into different file formats like excel, pdf, rtf, csv, MHTML, image etc.by clicking the export button user will be redirected to save as window where user can input the file save location and file format.
5.Exit: Users can close the aging summary reports window by clicking the exit button.
ACCOXI provides the module of Reports and Aging Summary of Payables are included in it. This report shows the Over Due Amount payable and the No of Days the amount crossed the due date. The debts consist of inventory purchase, supplies, and services you buy to operate your business. The aging of accounts payable tracks your creditors, how much you owe, and how long you’ve owed debts. An aging report is a tool that organizes your business’s accounts payable balances.
No. It will not reflect in Aging Summary report. The due amount payable to the suppliers are shown in this report.