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How To Create An Aging Report

This document provides a 12 step tutorial for creating an aging report in Excel to track accounts receivable and determine which customers are most delinquent in their payments. It includes setting up labeled columns for customer information, order details, and payment status. Formulas are provided to calculate the number of days an invoice is outstanding, flag invoices as not due, 0-30 days, 31-60 days, 61-90 days, or over 90 days past due, and total the amounts owed in each aging category. The aging report is also conditionally formatted to highlight late payments.

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Yibeltal Assefa
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
108 views

How To Create An Aging Report

This document provides a 12 step tutorial for creating an aging report in Excel to track accounts receivable and determine which customers are most delinquent in their payments. It includes setting up labeled columns for customer information, order details, and payment status. Formulas are provided to calculate the number of days an invoice is outstanding, flag invoices as not due, 0-30 days, 31-60 days, 61-90 days, or over 90 days past due, and total the amounts owed in each aging category. The aging report is also conditionally formatted to highlight late payments.

Uploaded by

Yibeltal Assefa
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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How to Create an Aging Report & Formulas in Excel

Nobody ever claimed Excel was simple. In fact, with those long strings of parentheses and if-then
lines, it might sometimes feel like you're back in high school Algebra. Instead of attempting to
concoct these statements out of thin air, we've put together a tutorial on how to build an ageing report
in Excel. We've included all of the facts and formulae required to determine who is the most
delinquent and how much money you owe in receivables.

Step 1:

Label the following cells:

A1: Customer

B1: Order #

C1: Date

D1: Amount Due.

Enter in the corresponding information for your customers and their orders underneath the headlines.

Step 2:

Add additional headers for each column as:

E1: Days Outstanding

F1: Not Due

G1: 0-30 Days

H1: 31-60 days

I1: 61-90 days

J1: >90 days

Step 3:

Next, we will input a formula for the “Days Outstanding” column that will let us know how many
days that invoice has gone unpaid since the due date.

In cell E2, enter in the following formula: =IF(TODAY()>C2,TODAY()-C2,0)

Step 4:

Drag the fill handler from cell E2 all the way to the last customer. This will populate the formula
down the whole column so you do not have to enter it in over again.
Step 5:

Now we want to give our aging report some color, so that we can easily see who is the most overdue
versus who is still in the clear. Highlight all the rows in the E column then click Conditional
Formatting on the Home tab and New Rule.

Step 6:

A separate window will open named “New Formatting Rule”.

Click the “Format Style” drop down and select 3-color scale.

Click the “Type” drop down and select Number

Under “Values”, enter 0 for minimum, 60 for midpoint and 90 for maximum.

Finally, select the colors that make the most sense for you, usually three colors that are very far apart
on the color scale.

Step 7:

In cell F2 we will find out who is not yet due on their invoices. The formula will check for anything
in the “Days Outstanding” column that is equal to zero.

In cell F2, enter in the following formula: =IF(E2=0,D2,0)

Drag the fill handler down the column to populate.

Step 8:

The formula for 0-30 days basically says, “Check to see if the difference between today’s date and
C2’s date are less than or equal to 30. If it is, input the data from D2. If it isn’t, leave as 0”.

Enter in cell G2 the following formula: =IF(C2<TODAY(),(IF(TODAY()-C2<=30,D2,0)),0)

Drag the fill handler down the column to populate.

Step 9:

The next formula will use an AND statement, which will basically say that if the difference between
today’s date and that date in C2 is less than or equal to 60 days AND greater than 30 days, then input
the data from D2. Otherwise, input 0.

In cell H2, enter in the following formula: =IF (AND(TODAY()-$C2<=60,TODAY()-


$C2>30),$D2,0)

Drag the fill handler down the column to populate.

Step 10:
Under the 61-90 days column, the formula will be similar in concept to the one input in step 9.

In cell I2, enter in the following formula: =IF(AND(TODAY()-$C2<=90,TODAY()-$C2>60),$D2,0)

Drag the fill handler down the column to populate.

Step 11:

To find the unpaid invoices greater than 90 days, the formula is quite simple. It is simply stating that
if the difference between today’s date and the due date is greater than 90 to input the data from cell
D2. Otherwise, input 0.

In cell J2, enter in the following formula: =IF(TODAY()-$C2>90,D2,0)

Drag the fill handler down the column to populate.

Step 12:

To sum up the value of all of the invoices in each column to know how much cash you have floating
among each simply click and drag from the first empty cell underneath the “Not Due” column to the
“>90” column. Then press ALT+=.

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