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Information Memorandum Transmittal Office Aging and People with Disabilities Mike McCormick, Deputy Director, Aging and People with Disabilities Nate Singer, APD Business Director, IE & ME ONE Project
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What is office aging and people?
Office aging refers to the process of monitoring the age of accounts receivable and payable, while 'people' in this context typically relates to the employees or personnel involved in managing these accounts.
Who is required to file office aging and people?
Typically, businesses and organizations that maintain accounts receivable and payable must file office aging reports to track financial health.
How to fill out office aging and people?
To fill out office aging reports, list each account receivable or payable, categorize by age intervals (e.g., current, 30 days past due, 60 days past due), and indicate the total amount due for each category.
What is the purpose of office aging and people?
The purpose of office aging is to assess the financial status of accounts, manage cash flow, and identify overdue payments to optimize collections and payments.
What information must be reported on office aging and people?
The report should include account names, amounts owed, aging categories, and the date of the invoice or transaction.
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