What is aging in SAP FI-GL-GL - Basic Functions?

SAP Term: aging

• Component: FI-GL-GL

• Component Name: Basic Functions

• Description: A pattern for the gradual process that reflects the age of an open receivable. The longer a receivable is overdue, the greater the likelihood that it will not be paid.

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• Key Concepts: 
  Aging is a feature of the SAP Financial Accounting (FI-GL-GL Basic Functions) module that allows users to track the age of open items. It is used to identify overdue items and to determine the amount of time that has passed since an invoice was issued or a payment was received. Aging can be used to analyze the liquidity of a company and to identify potential problems with customers or suppliers. 
  
  How to use it: 
  Aging can be used in SAP Financial Accounting by running an aging report. This report will show the age of open items, such as invoices and payments, in days, weeks, or months. The report can be filtered by customer or supplier, and can be used to identify overdue items and potential problems. 
  
  Tips & Tricks: 
  When running an aging report, it is important to consider the payment terms of each customer or supplier. This will help ensure that the report is accurate and that any overdue items are identified correctly. Additionally, it is important to regularly review the aging report in order to identify any potential problems with customers or suppliers. 
  
  Related Information: 
  For more information on aging in SAP Financial Accounting, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SAP_FINANCIAL_ACCOUNTING/). Additionally, there are many online resources available that provide detailed instructions on how to use aging in SAP Financial Accounting.