The aging report is incorrect when we release retention on a job and there are still open invoices. Often happens when the payment cycle is 60-90 days but billing cycle is 30 days.
by: Shawn E. | over a year ago | Accounts Receivable
Votes
8
Retention release - age differently from other due dates of other open 3-7 invoices
by: Shawn E. | over a year ago | Accounts Receivable
Comments
This is still a problem and its become a problem with the bank as our aging reports are not right.