Some basic information about a accounts payable aging report

An accounts payable aging report is a critical accounting document that summarizes the bills and invoices owed by a business, broken down by vendor and due date. It shows columns with amounts grouped into Current, ranges for the number of days past due, and a Total amount column.

.

An accounts payable aging summary report improves billing by laying out when payments are due, how much your balance is, and whether you can save money by paying early or protect your cash flow by paying later.