Understanding aging

One of the important functions of any Accounts Receivable system is to give a snapshot of how long the customer invoices are outstanding. If an organization does not know how long its customers are taking to pay the invoices, it can encounter serious cash flow problems. PeopleSoft AR offers elaborate ways in which we can review the open items, place them in appropriate categories depending on how old they are, and then generate various reports to analyze customers' payment performance. The aging business process in the AR module performs these activities.

One of the important functions of any Accounts Receivable system is to give a snapshot of how long the customer invoices are outstanding. If an organization does not know ...

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