What is the Aged Creditors report?

The Aged Creditors report lists all outstanding supplier invoices and unallocated supplier transactions, such as payments on account. It shows how much you owe each supplier and categorises these amounts by how long they have been overdue. This helps you see who you owe money to and how much.

By understanding who you owe money to and for how long, you can make overdue payments. It also helps in planning and financial forecasting.

Run the Aged Creditors report

Breakdown of outstanding amounts

To provide better visibility, the report includes separate columns for: 

• Outstanding Net - The original invoice before VAT.
• Outstanding VAT - The VAT portion of the invoice.
• Total outstanding - The full amount due, including VAT.

 NOTE: This is visible for any VAT registered businesses. For CIS-registered businesses, the breakdown of Outstanding Net and VAT is coming soon. 

Understanding ageing periods

Ageing periods break down unpaid invoices into different time categories. You can view the report by days or by calendar month.

This breakdown helps you quickly identify which invoices need immediate attention. Regularly reviewing these reports helps you stay on top of your payables and means you can address any issues with late payments promptly. 

To change your ageing periods:

1. Go to Settings then Business settings.
2. Choose Record and transaction settings.

Ageing periods by days 

Ageing periods by calendar month