RE: RE: Was this the reason it was spun out?? mj
fourth glass now
yes you do age receivables if they are not due
over 180 days means they are oustanding for 180 days
might be due in 210 days
but the age of that receivable is 180 days- read report again
if you have an accounting policy that allows you to set up sales in advance in accounts receivable the amounts are set in advance, and in many cases they could be due to be paid 180 days- thus your receivable is 180 days old
thats not a collection issue
thats a revenue recognition issue
thats it
on to glass five