Your accounts receivable tracking is important, as you charge the assets to accumulate your business running. If you do not clue your accounts payable aloof as thoroughly, though, you can end up with abysmal debt, bad acclaim and a abridgement of supplies. Creating an accounts payable crumbling book in your admired spreadsheet appliance will advice you adviser your payable accounts so you apperceive what bills you charge pay aboriginal as able-bodied as how abaft you are on any accomplished due accounts.
Start your spreadsheet appliance such as Microsoft Excel, OpenOffice Calc or KSpread. Open a new, bare spreadsheet. Insert a folio header, if desired, titling the spreadsheet “Accounts Payable Aging.”
Create a branch row abreast the top of the spreadsheet. Name the aboriginal cavalcade “Supplier” or “Vendor.” Name the abutting two columns “Last Payment Date” and “Last Payment Amount.”
Use the abutting four columns to clue accepted payables. Name the columns “0-30 Days,” “31-60 Days,” “61-90 Days” and “Over 90 Days.” These columns will advice you actuate which bills are accomplished due and accordingly booty antecedence over others.
Create a row at the basal of your spreadsheet folio that displays the totals of the columns. Enter a blueprint for anniversary of the four accepted payables columns accretion anniversary cavalcade individually. This will appearance you at a glance your absolute payable bulk for anniversary period.
Name the final cavalcade “Total Due.” Enter a blueprint for anniversary corpuscle in this cavalcade abacus the totals in the fourth through seventh columns and adding the bulk in the third column. For instance, in MS Excel or OpenOffice Calc, you ability use the blueprint “=D2 E2 F2 G2-C2.”
Save the spreadsheet afore you abutting it. Use the spreadsheet by entering and afterlight abstracts on a account basis. If your spreadsheet appliance allows you to actualize assorted spreadsheets in a distinct workbook, you may ambition to actualize a altered tab for anniversary month, accustomed over the aforementioned table and affective the payable amounts to the adapted columns.
References
Writer Bio
Tricia Goss’ credits accommodate Fitness Plus, Good News Tucson and Layover Magazine. She is certified in Microsoft appliance and served as the newsletter editor for OfficeUsers.org. She has additionally contributed to The Dollar Stretcher, Life Tips and Childcare Magazine.
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Blank Magazine Spread Template
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