Aging Schedule

Posted in Finance, Accounting and Economics Terms, Total Reads: 1832
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Definition: Aging Schedule

Aging schedule falls under the purview of an organization’s working capital management.

It is a table that classifies the company’s accounts receivables/payables as per the collection or payment date in periods usually of one month duration.

It helps the company monitor their performance in terms of collections and payments.


Example:

Value

% of Total

0-30 days

200

20

30-60 days

700

70

60 and above

100

10


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