Ageing Report vs Ageing History Report
What is the main difference when generating the Ageing vs Ageing History report ?
- The Ageing report displays the exact figures based on user allocations.
- The Ageing History Report allocates entries based on the oldest entry first, rather than client allocations.
For example, when generating the two reports up to 19/11/2024, the system produces different results.
Calculation of Reports:
Client Ageing List:
Within 0-29 days, there is an aged amount of €4.72.
The system calculates this by summing the balances of the invoices, resulting in a pending amount of €4.72 as of the report date (19/11/2024).
Client Ageing History:
Within 0-29 days, there is an aged entry of (-€5.28)
The system calculates this report by considering the transaction amounts and ignoring the allocated entries.
Purpose of the Ageing History report:
This report is used when a backdated ageing history report is required. The system does not allow the generation of an Ageing Report if there is a recent / Payment posted after the report date.
Note: we always recommend using the Ageing report for an accurate balance.
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