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What is the meaning Age or Aging Analysis?

Answer:

Age analysis is simply a time-based analysis with reference to due date to determine either how much time is left until due date or how much time has passed since due date. Most of the time age or aged or ageing analysis refers to the second type of analysis i.e. how much time has passed since due date and this analysis is used in context of receivables to determine steps required to recover debts from debtors. This also help in determining bad debts. In case of creditors usually the first type of analysis is prepared i.e. how much time is left until supplier’s invoice falls due so that entity can plan for outflows accordingly before time.

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