Aged Creditors
Find out what Aged Creditors are and how to find that information in FreeAgent.
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.
You can find them in FreeAgent by:
1 Choose 'Accounting'...
From the list of options on the page choose Reports, then Aged Creditors.
2 This brings up the Aged Creditors screen
You can see that all the suppliers you owe money to are listed here.
3 Choose the date you want to see this report on:
Do this from the drop-down menu on the right-hand side of the screen.
There's a total of how much you owed each supplier
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.
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