Ageing Accounts Receivable Reports Using Advanced Filter & Page Setup
See how to create an Ageing Accounts Receivable Reports Using Advanced Filter:
(00:27 min) Helper Column. The correct formula for Days Late is: =TODAY()-D8
(00:49 min) Sort to bring largest to top
(01:10 min) Criteria Area
(01:40 min) AND Criteria for Advanced Filter
(01:58 min) Advanced Filter Dialog Box
(02:39 min) Page Setup
(04:43 min) Re-run Advanced Filter with new criteria
(06:19 min) Defined Names created by Advanced Filter: Extract and Criteria Names Ranges
What is an Ageing Report?
Ageing means how many days past the due date the invoice is. Accounts Receivable Customers must pay their bill by a certain date, if they pay late, they would be listed in one of the ageing reports. If they are 1-30 days late, they are listed in the first report. 31-60, the second. And so on. Further, once the customer is so late, like 300 days, the company stops wasting its time trying to collect and writes the Accounts Receivables amount as “Bad Debt” and runs that expense through the Income Statement.