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Review ageing periods

In MYOB Accounting Plus, you can select the method of ageing when analysing the account balances of customers and suppliers. You can choose to use daily ageing periods of any length you like; you also can use monthly ageing periods.

The selections you make will affect the way information is displayed in the Analyse Debtors and Analyse Creditorswindows, on plain-paper statements and on the summary and detail versions of the following reports: Aged Debtors, Aged Creditors, Debtors Reconciliation and Creditors Reconciliation.

If you choose Use Daily Ageing Periods, you can use any number of days you like, up to 999 days. For example, if ageing periods of 7, 14 and 21 days are common in your industry, enter 7 for the first ageing period, 14 for the second ageing period, and so on.

If you choose Use Monthly Ageing Periods, you can identify your ageing periods by either month name or month number. If you choose month names, your Accounting Plus reports and windows will include transactions in the months they came due. If you choose month numbers, Accounting Plus reports and windows will categorise transactions by the number of months they are overdue.

Refer to Examples of Monthly Ageing for a detailed example of monthly ageing.