An aging schedule can be defined as a schedule that help to shows a company's or an organisation accounts receivables, ordered by their due dates in order for the company or organisation to see if their customers are paying on time reason been that AGING SCHEDULE enables account receivable to be summarized into separate or different time brackets which in turn rank the receivables based upon the days until due or the days past due.
In other word Aging schedule is a table that help to shows a summarized break down of accounts receivable into different time brackets in order for a company or an organisation to easily identify the customers that are extending the time it takes to collect your accounts receivable.
