The Account Payable Ageing report provides a quick snapshot of the amount that your business owes to other companies for the supplies of goods and services received. The report should reflect relatively current amount if the business have been paying its creditors promptly. This means the business is in a healthy cash flow situation and have no problem paying what is owes.

Otherwise, old amounts such as 90 days overdue that shows up in the report may indicate disputes with creditors or the inability to pay due to cash flow issues.

This report will come in handy when you want to control your business cash flow. Sometimes you may want to take advantage of the trade credit so you can deploy your cash to seize on business opportunities that may come your way. By being aware of the situation, you can take the necessary steps to expand your business successfully.

Account payable ageing report

YOU MIGHT ALSO LIKE

  • Audit exemption for small companies A new small company concept was introduced in Singapore to exempt small companies from statutory audit requirement. It applies with respect to financial statements for a financial year […]
  • Company Secretary Services Every Pte Ltd company in Singapore must appoint a Company Secretary within 6 months of the date of its incorporation. The appointed Company Secretary must also be residing locally in […]
  • Last Call for PIC Bonus The PIC Bonus of up to $15,000 for eligible businesses that invest in qualifying activities under the PIC scheme will end soon on 31 December 2015 for businesses with financial year […]

Leave a Reply

Your email address will not be published. Required fields are marked *

11 − nine =