Understanding user-defined aging for sales and purchases
Reports Overview > Choosing preference settings for reports and forms > Understanding user-defined aging for sales and purchasesWith AccountEdge, you can choose to use daily aging periods of any length you like; you also can use monthly aging periods. The selections you make will affect the way information is displayed in the Analyze Receivables and Analyze Payables windows, on plain-paper statements and on the summary and detail versions of the following reports: Aged Receivables, Aged Payables, Receivables Reconciliation and Payables Reconciliation.
If you choose to use daily aging, you can use any number of days you like, up to 999 days. For example, if aging periods of 7, 14 and 21 days are common in your industry, enter 7 for the first aging period, 14 for the second aging period, and so on.
If you choose to use monthly aging, you can identify your aging periods by either month name or month number. If you choose month names, reports and windows will include transactions in the months they came due. If you choose month numbers, reports and windows will categorize transactions by the number of months they are overdue.
See examples of different ways to use monthly aging in Examples of monthly aging.
If you don't select any aging options using the Preferences window, your transactions will continue to be aged at 30-, 60- and 90-day intervals as they have been in previous versions of MYOB software.
Click below for the step-by-step procedure:
To choose preferences for reports and forms
Reports Overview - Understanding user-defined aging for sales and purchases