Aged creditors report

Most businesses make use of an agedcreditors report to manage the timing of payment to trade creditors. The report lists the amounts payable to trade creditors based on the payment terms agreed with them. It also lists creditors who have been owed money for the longest period.

 

reference: Business Studies / Accounting. Accounts & Finance Glossary. Jim Riley BA(Hons) MBA FCA // tutor2u

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