What is Accounts Payable Ageing Report and How it Prepared ?

 

What is Accounts Payable Ageing Report?

 It shows amounts your business owe to your suppliers and others. The reports show details about creditors, amounts, and how long you have owed debts.

An accounts payable ageing report also termed as the accounts payable reconciliation, help you visualise amounts you owe. It gives you an opportunity to consider and prioritise your business’ debts carefully.

 

 

How To Prepare Aged Accounts(Single Ledger ) Payable Reports

 

Age-wise Analysis of a Single Ledger Account

1. Go to Gateway of Tally > Display > Statements of Accounts > Outstandings > Ledger .

2. Select the ledger account.

3. Select F6: Age wise from the button bar in the Ledger Outstandings screen.

4. Select the Ageing method.

 

 

5. Set the age periods required for the report.

 

6. Then press (CTRL+A) for save the form. (“CTRL+A” Recommended)

 

The Ledger Outstandings report appears with the applied ageing method.