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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