The aging periods entered in your company settings determine if a customer is late on their payments.
There are three aging periods:
First Aging Period. Includes all invoices older than a specified number of days (for example, 30) but not old enough to be included in the Second period.
Second Aging Period. Includes all invoices older than a specified number of days (for example, 60), but not old enough to be included in the Third period.
Third Aging Period. Includes all invoices older than a specified number of days (for example, 90).
In Sage 50 Accounting, interest charges can be printed on customer statements.
You can also give your customers early-payment terms, individual item discounts on sales transactions and other discounts.
Print interest charges on customer statements