Receivables ageing
A report grouping what customers owe you by how overdue it is, so collection effort goes where the money is oldest and least likely to arrive on its own.
Receivables ageing splits your outstanding balances into buckets — current, 1 to 30 days overdue, 31 to 60, and beyond — so that a single "customers owe us ₹18 lakh" becomes a list you can act on.
Why the total tells you nothing
Eighteen lakh due next week is a healthy business. The same eighteen lakh sitting past ninety days is a problem that has already started. The buckets are the difference between the two, and they are the only part of the number that changes what you do today.
Collection follows the buckets
Work the oldest first, and work it by party rather than by invoice. A customer with three invoices in the ninety-plus bucket needs one conversation, not three reminders. Money that crosses six months rarely arrives without a fight.
Keep the ledger clean or the report lies
Payments received but not allocated against specific invoices make everything look overdue. Credit notes never raised for returned goods leave dead balances in the oldest bucket forever. The report is only as honest as the allocations behind it.
How KillStock handles it
Receivables and payables carry per-party statements and ageing, with payments and receipts allocated against invoices rather than floating on the account. Ageing buckets can be set to match your own credit terms, and the list can be worked party by party.
A common mistake
Extending fresh credit to a customer whose oldest bucket is already growing. Check the ageing before the order, not after the delivery.