Debt aging
Also known as: debtor list, aging report, arrears report
Definition
An analysis that groups receivables by the time elapsed since their due date (e.g. 0–30, 31–60, 61–90 and more than 90 days).
An aging table shows how much of the total debt is recent and how much is old. Dues that are ten days late and a debt that has been unpaid for six months are not handled the same way: the first is dealt with by a reminder, the second by a written notice and, if necessary, enforcement proceedings.
A regular aging report clearly shows the owners' assembly how collection is performing and helps determine objectively which files should go to legal proceedings.
In CasaX
CasaX's debtor list groups debts into 0–30, 31–60, 61–90 and more than 90 days; after the due date, reminders are sent to residents on days 1, 7 and 30.
This content is for general information only and is not legal or financial advice. Legislation may change; consult a professional about your specific situation.