AP-14 Aged Payables Report

The AP Aged Payables report will produce a list of all open (unpaid) items and age those invoices into due in 1-30, 30-60, over 60 days or overdue 1-30, 30-60, over 60 days columns. This report or the AP-11 Open Item List are commonly used to balance the AP sub-system to the GL control account. To balance accurately, you must complete a month's transactions and print your Aged Payables report for that month end prior to posting entries for the next month. If you run multiple months together, then you need to be very careful with the transaction dates and posting dates as to not mix transactions from one month into another. In this case, you will use the AP-15 Historical Open Item List to balance to the GL.

Aging Date: What date is used to age the accounts. This date will be used to determine if the invoice is in the 1-30, 30-60, over 60 etc columns. This is typically the end of the month.