aging of accounts

aging of accounts
Arranging the accounts (such as receivables or payables) in chronological order and grouping the accounts by intervals, such as accounts outstanding less than 30 days, 30 to 60 days, and so on. The process of classifying accounts receivable by the time elapsed since the claim came into existence for the purpose of estimating the balance of uncollectible accounts as of a given date

Black's law dictionary. . 1990.

Look at other dictionaries:

  • aging of accounts — n. Arranging accounts in chronological order of days outstanding. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Accounts Receivable Aging — A periodic report that categorizes a company s accounts receivable according to the length of time an invoice has been outstanding. Accounts receivable aging is a critical management tool as well as an analytic tool that helps determine the… …   Investment dictionary

  • Aging schedule — A table of accounts receivable broken down into age categories (such as 0 30 days, 30 60 days, and 60 90 days), which is used to see whether customer payments are keeping close to schedule. The New York Times Financial Glossary * * * aging… …   Financial and business terms

  • aging — A report or schedule of all outstanding accounts payable or accounts receivable that lists all account debtors or creditors by name, shows the total amount due to each debtor, and shows how much of the amount due to each debtor is due within… …   Financial and business terms

  • aging schedule — A table of accounts receivable broken down into age categories (such as 0 30 days, 30 60 days, and 60 90 days), which is used to determine if customer payments are keeping close to schedule. Bloomberg Financial Dictionary * * * aging schedule… …   Financial and business terms

  • Aging — A method used by accountants and investors to evaluate and identify any irregularities within a company s account receivables. Aging is achieved by sorting and inspecting the accounts according to their length outstanding. By aging a company s… …   Investment dictionary

  • aging of balances — The stratification of a balance sheet amount by either transaction or cash *settlement date. Balances for which aged analyses are prepared typically include *accounts receivable, inventory, and long term *loans. Aging is often used for management …   Auditor's dictionary

  • aging schedule —  A list of accounts receivable in order of how many days they are past due. The aging schedule is used by lenders when considering loans to businesses …   American business jargon

  • aging — ag·ing || eɪdʒɪŋ n. maturing; growing older; maturing of financial accounts eɪdÊ’ n. length of time that a person or organism has been alive; length of time that an object has existed; period, era; generation v. grow older, mature …   English contemporary dictionary

  • accounts receivable aging — Fin a periodic report that classifies outstanding receivable balances according to customer and month of the original billing date …   The ultimate business dictionary

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