How to Generate 6 Months Customer Aging Summary

Overview:

The 6 Months Customer Aging Summary report in QNE Software presents a month-by-month breakdown of outstanding receivables over a six-month period. It helps finance teams assess overdue balances, identify payment delays, and take timely action to improve collection efforts. By organizing unpaid amounts into six aging categories, users can quickly detect trends and prioritize accounts for follow-up.

Scenario:

A finance manager preparing for a quarterly review needs to identify which customers consistently delay payments. Instead of reviewing the full 12-month history, they focus on the last six months using the 6 Months Customer Aging Summary to analyze trends and act swiftly on prolonged overdue invoices.

Solution:

1. Navigate to Reporting > Report Center and select either:

• Go to Customer > Customer Aging > 6 Months Customer Aging Summary
  

2. In the Report Criteria window:

• Set the As At Date to define the reporting cut-off (e.g., end of the current month).

• Choose the Customer Range if filtering by specific parties
   

3. Click Preview to generate the report.
 

4. Analyze the results, which will display outstanding amounts categorized across the past six months from the selected “As of” date. Each aging column reflects how long receivables have remained unpaid, allowing users to pinpoint delayed payments and assess collection priorities.

Application:

The 6-Month Customer Aging Summary provides a clear view of outstanding receivables categorized by age. Businesses can use this report in many ways, such as:

• Monitor Collection Performance – Track overdue accounts and identify customers with consistent late payments.

• Improve Cash Flow Forecasting – Anticipate incoming payments based on the age of receivables.

• Support Credit Control – Decide whether to extend credit or require stricter payment terms for specific customers.

• Strengthen Compliance & Reporting – Provide supporting documents for auditors, tax filing, and financial statement preparation.

• Guide Collection Strategy – Prioritize follow-ups with customers who have the largest or oldest outstanding balances.

• Enhance Customer Relationship Management – Identify loyal customers with good payment habits and reward them with better credit terms.