The Vendor Aged Reports
Use this report to identify balances you owe to vendors. The Vendor Aged report shows you the status of purchase invoices sorted by three aging periods, the length of which you define. The Vendor Aged Detail report lists the invoices and payments for all or selected vendors for each aging period.
Payments and fully paid invoices you have cleared from your Sage 50 Accounting data do not appear on this report.
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).
Invoices that are not old enough to be included in the First period are listed as Current.
To view a Vendor Aged report, open the Report Centre in the Home window, select Vendors& Purchases, and then the vendor aged report by name. Click Create.
- Vendor Aged - Summary report displays the vendor contact information and just the total, current, and aged amounts that you owe selected vendors.
- Vendor Aged - Detail report contains each vendor's contact information lists the invoices and payments for all or selected vendors for each aging period. Payments and fully paid invoices that you have cleared from your Sage 50 Accounting files do not appear on this report.
The aging is based on the date you specify in the As At box. You can change the length of the aging periods in your settings.
After you display a report, you can drilldown to view a specific overdue invoice.