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Debtors’ Ageing Schedule

http://excel2007master.com/. Debtors’ Ageing Schedule. Duncan Williamson excelmaster December 2011. The purpose of a Debtors’ Ageing Schedule is to show how old one or more debtors’ invoices are. Usually, the invoices are shown as being, for example, From 1 to 30 days old

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Debtors’ Ageing Schedule

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  1. http://excel2007master.com/ Debtors’ Ageing Schedule Duncan Williamson excelmaster December 2011

  2. The purpose of a Debtors’ Ageing Schedule is to show how old one or more debtors’ invoices are. Usually, the invoices are shown as being, for example, • From 1 to 30 days old • From 31 to 60 days old • … What is an Ageing Schedule?

  3. The reason why companies prepare and use ageing schedules is because the longer it takes a customer to pay their invoices the greater the chance there is that they won’t pay. • So, the more they know about their debtors the better! What is an Ageing Schedule?

  4. In this workbook I demonstrate FOUR ways of arriving at an ageing schedule for your debtors or accounts receivable • using functions and formulae • using conditional formatting • using a Pivot Table • using Excel Tables Aims of the WorkBook

  5. To determine whether we are dealing with an entry between 1 and 30 days, 31 and 60 days … • =IF(AND(TODAY()-$B14>K$14,TODAY()-$B14<=L$14),$D14,”") … this gives the answer in values Some of the Formulae

  6. To determine whether we are dealing with an entry between 1 and 30 days, 31 and 60 days … • to show the same results but in terms of days … • =IF(AND(TODAY()-$B14>K$14,TODAY()-$B14<=L$14),TODAY()-$B14,””) Some of the Formulae

  7. What about when an invoice is paid … ageing schedule? • =IF(D14>0,"",IF(AND(TODAY()-$B14>L$14,TODAY()-$B14<=M$14),$E14,"")) Some of the Formulae

  8. Using CONCATENATION for column headings • =K14&" - "&L14&" Days” … 1 – 30 Days … • BUT … Some of the Formulae

  9. Using CONCATENATION for column headings • BUT … with an Excel Table concatenation does not work with column headings Some of the Formulae

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