Most companies have a line of credit with their bank that carves out certain receivables from eligibility; in construction, 90 days is too short for a paid-when-paid model, our bank allows up to 120 days before receivables become ineligible so a column for that or the ability to customize aging columns would be most beneficial for many, I would think. The aging typically must be submitted along with the borrowing base report to the bank.

by: Pamela W. | 6 months ago | Accounts Receivable