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To calculate the age of an invoice in days, you can use a formula that subtracts the invoice date from today's date using the `TODAY` function. For example, if your invoice date is in cell C5, you can use the formula `=TODAY()-C5` to calculate the age of the invoice in days ¹.

AR aging categorizes open customer receivables based on the length of time that the invoice is past due. AR aging reports are essential tools to minimize write offs for bad debt, since collecting payment on a past-due receivable becomes less likely as an invoice ages.

In general, your total Accounts Receivable should be taken from the Monthly A/R report using the current month in the date range. However, it is worthwhile to note the reasons why the sum of the balances from the Balance Aging Report may not equal your total A/R.

The due date is the last day of the term ? the date that the payment must be received. Best practice: Invoice date aging is the most effective gauge for the majority of businesses because: The invoice date is a known and fixed point in time beginning on the date of the sale instead of the Due Date.

Accounts receivable aging reports help companies identify slow-paying customers. They are periodic reports that group and categorize your AR depending on how long an invoice has been outstanding.

An accounts receivable (AR) aging report tells how long an invoice has been due for payment. All the unpaid invoices, along with the complete customer details, will be listed out in aging reports, giving you a good overview of the actual health of your receivables and cash flow.

An aging report (or an accounts receivable aging report) refers to a record of overdue invoices, accounts receivable, or unused credit memos by periodic date changes. Businesses use aging reports to determine which customers have outstanding invoice balances.