An Accounts Receivable Aging Schedule is a financial tool used to better understand how much of the money owed to an organization by its customers (known as accounts receivable) has been outstanding for various periods. By categorizing the amounts due, this schedule provides businesses with a detailed breakdown of which customers are not paying, when payments were due, and how much is still owed. In other words, it helps organizations track their financial health and cash flows. When used correctly, an Accounts Receivable Aging Schedule can help improve collection rates, manage risks more effectively, and even identify new opportunities for growth and expansion.