Accounts aging

Accounts aging in Augtool has a Summary aging and a Detailed aging. The aging reports can be selected for either customer or supplier. The summary aging indicates balances owing per customer or supplier while the Detailed report indicates all outstanding invoices per customer or supplier. Both reports indicates the period from when the amounts were outstanding.

aging by Due Date

Augtool gives you the option to base aging on either Document Date or Due Date. This means that aging can be calculated from transaction date of invoice if the Document Date option is selected or it can be based on the payment due date of the invoice if the Due Date option is selected. The aging basis can be selected from Business Units > Terms. Once this is selected it will carry through the the aging on the Statements. However the Organisation aging Reports also has a filter that allows you to select aging based on Document Date or Due Date for the aging Report. The filter option on this report applies only to this report and does not carry through to the statements.