Definition: The process of categorizing unpaid invoices by vendor and the length of time they have been outstanding, typically in 30-day increments, to help manage cash flow and payment priorities.
Example: An example of tracking aging invoices is a report from the AP team itemizing all invoices that remain unpaid after a 90-day period.
Explore IVP Accounts Payable Services
IVP Accounts Payable Services helps buy-side firms track aging invoices. This service streamlines vendor management, invoice processing, and expense allocations with advanced automation. Offered as a managed service in tandem with Expense Allocation System (EAS)™ by IntegriDATA, an Indus Valley Partners company, IVP AP Services help firms manage labor-intensive tasks like invoice processing and transaction handling while maintaining full control and oversight.
