In MYOB AccountEdge, you can select the method of aging when analyzing the account balances of customers and vendors. 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.

Daily Periods

If you choose Use Daily Aging Periods, 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.

Monthly Periods

If you choose Use Monthly Aging Periods, you can identify your aging periods by either month name or month number. If you choose month names, your AccountEdge reports and windows will include transactions in the months they came due. If you choose month numbers, AccountEdge reports and windows will categorize transactions by the number of months they are overdue.

Refer to Examples of monthly aging.