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Understanding the Accounts Receivable Aging Report

Objective:

  • Understand the aging AR Report
  • What does the information on the Accounts Receivable Aging Report mean?
  • What is included in the Accounts Receivable Aging Report?
  • What do the date ranges mean on the ACAR?

Environment:

  • Clio Manage

Additional Information:

  • For more information: Accounts Receivable Aging Report
  • This Report can be created for a specific Client or Matter but does not include Responsible Attorney information at this time.

Answer:

Accounts Receivable figures divided into the following: Current, 1-30 days, 31-60 days, 61-90 days, 91+days, and Total. These numbers represent the number of days a bill has been outstanding. 

For example: If a balance is shown in the 31-60 days column, that means that the balance has been outstanding for 31-60 days, based on the bills issue date and due date.

If a bill is still within the bills grace period, then it is not considered overdue yet, and will then appear in the Current column.

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