Aging
In accounting, aging means grouping open receivables or payables into buckets by days past due date — current, 1–30, 31–60, 61–90, 90+.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 4
- Nearby
- 1
Authority
This definition follows ASC 326.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Aging, in use
Quoted from the 7 documents that use the word — what it does to an interface, in the spec's own sentence.
Aging from the invoice date makes Net 60 terms look delinquent on day 31.
Stripping (V) finds candidates, not matches, and wrong-merging corrupts both aging reports.
Lopifi APIs: Xero, QuickBooks Online, NetSuite — The unification trap
Number, customer, amount, due date, aging state (current / 1-30 / 31-60 / 61-90 / 90+).
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- AR aging and collections: a practical guide for startupsHow to read an AR aging, work out DSO, run a dunning cadence, record a promise to pay, escalate a late account and clear unapplied cash.
- Accounts payable process for startups: intake to paymentHow a bill moves from inbox to paid: intake, coding, approval, scheduling and recording, plus AP aging and who approves what at a 10-person startup.
- Card and ACH payments: applying and reconciling themHow customer card and ACH payments land in the bank net of fees, how to apply them to invoices, handle partial payments and reconcile the deposit.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- outstanding
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Nearby in the catalog
Components in this part of the system that no term names outright. A weaker claim than the list above, and stated as one — but a component nothing links to is a component nobody finds.
Also in Receivables
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
- Payment terms & due dates2/10 net 30 is borrowing at 37% a year. This tells you whether to take the discount.Tool
- Sales invoicesWhat does an accounts-receivable invoice look like in each API?API
- Journal entry for bad debt expenseUnder the allowance method, at each period-end debit Credit loss expense (bad debt expense) and credit Allowance for credit losses for the amount needed to bring the allowance to the expected loss on open receivables.Entry
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.