What is aging of open receivables in SAP FI-AR - Accounts Receivable?

SAP Term: aging of open receivables

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: An analysis step in SAP Working Capital Analytics that depicts the receivables arranged by the age of the open balances.

Smart SAP Assistant

• Key Concepts: 
  Aging of open receivables is a process used in SAP FI-AR Accounts Receivable to track the age of unpaid customer invoices. It is used to identify overdue invoices and prioritize collections efforts. The aging of open receivables is based on the invoice due date and can be broken down into different time periods, such as 0-30 days, 31-60 days, 61-90 days, and over 90 days. 
  
  How to use it: 
  In SAP FI-AR Accounts Receivable, the aging of open receivables can be viewed in the Aging Report. This report displays all unpaid customer invoices and their respective due dates. The report can be filtered by customer, invoice number, or other criteria. The report also displays the total amount due for each time period. 
  
  Tips & Tricks: 
  When viewing the Aging Report, it is important to note that the due date is based on the invoice date and not the payment date. This means that if an invoice is paid late, it will still appear in the aging report until it is marked as paid. 
  
  Related Information: 
  The aging of open receivables is closely related to credit management in SAP FI-AR Accounts Receivable. Credit management allows customers to be assigned credit limits and payment terms, which can help ensure that invoices are paid on time. Credit management also allows for automated dunning processes to be set up for overdue invoices.