Aging Period

An aging period is a set of age buckets. The customer aging lists ask for one and sort each customer's open amount into its buckets: 0 to 30 days, 31 to 60, 61 to 90, over 90.

Where

Not on the Accounts Receivable menu as delivered. The Aging Period screen on the Aging menu of General Ledger keeps aging periods in the same place, so set them up there

Who uses it

Finance controller, credit control

When

At setup, and when management wants a different view

Needs first

Nothing

What it is for

Aging Period is a mandatory criteria of the Customer Aging and Customer Aging on Invoice lists (see Lists and reports). Several aging periods can exist side by side: one for monthly management reporting, one in weeks for collectors. The one named as Required Aging Period on Account Receivable Setting is the one the sales screens open the customer's aging with.

Every field in plain words

Field	What it means	What to put
Aging Period	The code	Required
Name	What it is called	Required. "Monthly buckets"
Block	Retired
Predefined	Delivered with the system	Read-only. A predefined aging period cannot be deleted
Aging Period grid: Name, From, To	One line per bucket	Name is required. From and To in days: 0 to 30, 31 to 60

What it is connected to

• Lists and reports: Customer Aging, Customer Aging on Invoice.
• Account Receivable Setting: Required Aging Period.

If something looks wrong

• "Aging Period - cannot delete this Period as it's predefined". Block it instead.
• A sales order says "Default Aging Period is not defined". Set Required Aging Period on Account Receivable Setting.