AP Aging Report (Summary)

The Accounts Payable Aging Summary report presents a breakdown of outstanding accounts payable balances based on aging periods, typically categorized as current, 30 days, 60 days, and 90+ days. By accessing this report, businesses can assess their payment liabilities, identify any overdue payments, and track the aging of their accounts payable.

This report acknowledges the significance of managing accounts payable efficiently. By analyzing the data presented in the Accounts Payable Aging Summary, businesses can prioritize payment processing, negotiate favorable payment terms with vendors, and maintain positive relationships with suppliers.

Step 1: Filtering options to customize the report's parameters.

• AS of GL Date: Specify the date for the General Ledger transactions.

• Vendor: Enter and select the name of the vendor for filtering the report data.

• Report Format: Choose between PDF or Excel format for the report output.

Step 2: Click the "Run Report" button

• Locate the "Run Report" button and click on it.

• This triggers the system to process and generate the report based on the provided criteria.

Step 3: Wait for the report to generate

• Depending on the volume of data and complexity of the report, it may take some time for the system to process and generate the report.

• Please be patient while the system completes this task.

Step 4: Review the report

• Once the report is generated, it will be displayed on the screen.

• Carefully review the report, focusing on the information about the number of each column and rows.

Step 5: Save or export the report

• If needed, save or export the report for future reference or to share it with others within your organization.

• This ensures that you retain the data and can access it whenever necessary.

By following these steps, you can generate the Report and leverage its insights to make informed decisions regarding Accounts Payable Aging management.