From www.journalofaccountancy.com: Accounts receivable aging analysis is an important tool for managing customer invoices and cash flow, typically categorised based on due dates.

Using Excel, users can automate the creation of an AR aging schedule by applying formulas to calculate days past due and categorise invoices into aging buckets.

Additional features such as interest calculations, metrics for total and overdue AR, and visualizations like charts can enhance the analysis for improved receivables management.