Aged Creditors

Here's how to view a report of your Aged Creditors on FreeAgent.

Hold on a moment. What are Aged Creditors?

They're suppliers to whom you owe money on a particular day, because they sent you a bill (which you've entered into FreeAgent) before that day and, as at the report date, you hadn't paid them.

OK, tell me where I can find that on FreeAgent. 

From the Accounting menu choose Reports, then Aged Creditors.

 

This brings up the Aged Creditors screen.

You can see that all the suppliers you owe money to are listed here.

You can choose which date you want to see this report at, from the drop-down menu on the right-hand side of the screen.

For each supplier there's a total of how much you owed them. The column headers (0-30 Days etc) tell you how long before the report date the bill is dated.

There's also a breakdown of the total that you owe each supplier, by bill. You can click the arrow by the supplier's name to show or hide this information.

 

Be aware though, that if you have more than fifty unpaid bills, you'll only see the totals, not the breakdown.

There's also a grand total of how much you owed your suppliers at the bottom of the screen.

How will this help me?

It means you have even more information about who you owe money to and can make sure your bills are paid in good time, to keep your suppliers happy and ensure your business relationships run smoothly.