Why ageing reports have both Current and 1-30
by Intuit• Updated 2 months ago
With QuickBooks Online Advanced, you can create your own reports using Custom Report Builder.
Ageing reports are best utilised to keep track of customer payments and supplier bills that are past due. Sometimes there is a confusion between Current and the 1-30 day columns.
- Current column is anything that is not yet due. The due date is in the future of the report date and the ageing is based on the due date of a transaction.
- 1-30+ is anything past due by the number of days that passed after the due date.
- If there is NO due date, the transaction is considered due upon receipt and is driven by the transaction date, once a day has elapsed, the transaction will be noted as past due.
More like this
- Run an accounts receivable ageing reportby QuickBooks
- Run a Balance Sheet reportby QuickBooks
- Match your ageing reportsby QuickBooks
- Removal of $450 eligibility threshold for super guarantee in QuickBooks Onlineby QuickBooks