Aging Methods

Aging methods are periods of time used to group receivables, debit and credit items to achieve an understanding of a customer's delinquency profile.

By grouping transactions by buckets of time you can create an aging view of the customer. Using aged information you can do the following:

• Effectively recover delinquent debt.

• Develop more effective policies to assign work and streamline your efficiency.

You can create aging methods based on the preconfigured aging methods according to your requirements.

Aging Method Features

Aging is the concept of calculating a customer's past due and current transactions. Using Oracle Fusion Advanced Collections you can group the overdue debt by time. And assign work based on aging buckets of debt items. Here are some features of the aging methods:

• Shows the amounts owed to the company by its customers and includes the length of time the amounts have been outstanding. For example, aging categorizes receivables into buckets such as; current, 30 days, 60 days, 90 days, and 120 days and over.

• Manage aging methods from the Aging Methods Setup screen and Aging tab.

• Use aging methods while creating the dunning plans.

• View the transactions or receivables data to understand the overdue amounts viewed over time. This can help you to take a payment or create an adjustment or dispute.