I wouldn't be a good finance kind of guy if I didn't talk about an aging schedule in receivables. An aging schedule is a table showing the total dollar amounts and the percentages of total accounts receivable that fall into several age classifications. It provides a picture of the quality of outstanding accounts receivable. Such schedules usually show those receivables that are 0 to 30 days old, 30 to 60 days old, 60 to 90 days old, and over 90 days old. Why is it so important to have a low aging receivable if you owned or was in charge of a company!
You play CFO for the day, what are the primary advantages and disadvantages of leasing? of purchasing? Think about your cash situation!
Accounts receivable aging helps companies structure their operating budgets. It is important to understand the existing payment habits of company's clients a