Accounts Receivable Aging Template

Accounts Receivable Aging Template – Purpose and Benefits

The main purpose of using an accounts receivable aging schedule is to see at a glance the speed with which your customer payments are being collected. As such, it is one of the most critical financial reports for your business. A slowing down of your accounts receivable collections can have a profoundly negative effect on your cash flow. Careful monitoring of your accounts receivable aging will help you tremendously in focusing on not letting your AR slip too far.

Every business is different, of course, and different businesses have different rates of risk associated with their accounts receivable. With some customers the lateness of their payment does not diminish the chances of collecting the balance. It only negatively affects your cash flow.

In other cases, the longer the invoice is outstanding, the smaller the chance of collecting a 100% of it, so careful and regular monitoring of your balances is critical.

• This Accounts Receivable Aging Template will help you keep track of one of your most important assets – your accounts receivable.
• Reduce formula errors. You may be surprised how much you can be off by when you incorrectly add up your totals. Even when using Excel, I often double check my calculations, just to be sure. Use this Accounts Receivable Aging Template to do your math for you, but always check the results and ask yourself whether they are reasonable.
• Save yourself time by not having to create a form to put your accounts receivable in order by due date. The Accounts Receivable Aging Template is ready for you to put your numbers in and see the health of your AR at a glance.
• This Accounts Receivable Aging Template is very easy to use and to modify. There are no complex macros to worry about and no overly sophisticated formulas, either. Just add a row, if you would like. The simplicity of this Accounts Receivable Aging Template will allow you to spend your time actually analyzing your AR Aging report and not worrying about the workings of your template.