What AR aging report means
An AR aging report lists unpaid invoices grouped by how long past due they are.
Also called aging report, accounts receivable aging.
Where it shows up in your business
The older an invoice gets, the less likely it gets paid. Working the aging report weekly, with polite reminders that include a pay link, is the cheapest collections tool there is.
Work it out
- Free template: Invoice template
- Money guide: Payment terms and net 30
- Money: Money guides for contractors