Ageing Report vs Ageing History Report

Ageing Report vs Ageing History Report

What is the main difference when generating the Ageing vs Ageing History report ?

  1. The Ageing report displays the exact figures based on user allocations.
  2. 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.