What does aging schedule mean?

aging schedule meaning in Law Dictionary

graph that groups accounts in accordance with the dates. It informs when most are past-due and just how far past. Relate to reports payable aging and reports receiveable the aging process.

aging schedule meaning in Business Dictionary

dining table that categorizes records payable or records receivable relating to their times. It will help in evaluating which payments tend to be behind their deadline, and by just how many days. See additionally accounts payable aging and accounts receivable the aging process.