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Texas Dept. of Aging and Disability Services Form 4102 April 2014 Contract/Application for Travel Advance To avoid processing delays, complete all items. Original signatures must be in ink (fax copies
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Aging and refers to the process of categorizing and analyzing accounts receivable based on the length of time they have been outstanding.
Businesses that extend credit to customers and have outstanding accounts receivable need to file aging reports.
To fill out an aging report, you need to categorize accounts receivable into different age groups based on the number of days outstanding.
The purpose of aging reports is to track and manage outstanding accounts receivable, monitor payment trends, and identify potential bad debts.
Information such as customer name, invoice number, invoice date, amount owed, and number of days outstanding must be reported on aging reports.
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