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What is the best way of making AP aging ?

Please explain to us the steps in order we all can make it apply in our companies and lead us for the best use of your answer

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Question added by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company
Date Posted: 2014/06/08
IBRAHIM MOHAMMED - CMA
by IBRAHIM MOHAMMED - CMA , Senior Accountant , Ajal Finance & Investment K.S.C.C

Accounts payable aging to be calculated from invoice date as benchmark and to be categorized as based on delinquency as follows :0-30 days,31-90 days,91-180 days,181-365 days & above1 yr.

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