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AR Aging Report

Accounts Receivable Aging — Know Who Owes You

Every unpaid invoice sorted into 30/60/90/120+ day buckets automatically. See which clients are overdue and prioritize your collections at a glance.

AR Aging in 10 Seconds

Create an invoice with a due date. iBill tracks it. Once overdue, the invoice moves into the correct aging bucket (30, 60, 90, or 120+ days). You see every client, every amount, and exactly how late each payment is.

Example: $5,000 invoice due Jan 15 on Mar 15 it appears in the "61–90 days" bucket

What is Accounts Receivable Aging?

An AR aging report groups your unpaid invoices by how long they have been outstanding, so you can see who owes you and how overdue they are.

Current (0–30 Days)

Invoices that are still within their normal payment terms. These are not yet overdue. Most clients pay within this window, especially with Net 30 terms. No follow-up action is typically needed for current receivables.

31–60 Days Past Due

Invoices that are one month overdue. A polite payment reminder is usually sufficient at this stage. iBill can send automatic reminders to nudge clients. This bucket often represents clients who simply forgot or had a processing delay.

61–90 Days Past Due

Invoices that are two months overdue require more direct follow-up. At this stage, consider a phone call or formal collection letter. The longer a receivable sits here, the lower the probability of collection.

91–120+ Days Past Due

Seriously delinquent accounts. These may require escalated collection action, negotiated payment plans, or evaluation for bad debt write-off. Under ITA Section 20(1)(p), you may be able to deduct bad debts if you can demonstrate the debt is uncollectable.

AR Aging Report Features

Everything you need to track receivables and prioritize collections — auto-calculated from your invoices

30/60/90/120+ Day Buckets

Every unpaid invoice is automatically sorted into standard aging buckets based on days past due date. You see at a glance how much is current, slightly overdue, or seriously delinquent — the same format your accountant and bank expect.

Client-by-Client Breakdown

See each client's total outstanding balance broken down by aging bucket. Instantly identify which clients are consistently slow payers and which accounts need the most attention. Drill down to see individual invoices for any client.

Overdue Highlighting

Invoices that are past due are visually highlighted so you never miss an overdue account. Color-coded aging buckets make it easy to spot the most urgent receivables — green for current, yellow for 31–60, orange for 61–90, red for 91+ days.

Auto-Calculated from Invoices

No manual data entry or spreadsheet formulas. Every invoice you create in iBill is automatically tracked. When a due date passes without payment, the invoice moves into the correct aging bucket in real time. The report is always up to date.

Export to PDF & Excel

Export your AR aging report to PDF for meetings with your accountant or banker, or to Excel for custom analysis. Both formats include the full client-by-client breakdown with aging buckets, totals, and date ranges.

Collection Priority Tracking

Focus your collection efforts where they matter most. The report ranks clients by total overdue amount and days past due, so you contact the highest-value, most-overdue accounts first. Paired with iBill's payment reminders for automated follow-up.

Track Every Receivable Automatically

Every invoice you create feeds your AR aging report in real time. No spreadsheets, no manual tracking.

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AR Aging Report Example

A sample aging report showing how unpaid invoices are grouped by days past due

Sample Business — AR Aging Report

As at March 7, 2026

CLIENT: Maple Leaf Consulting
Current — INV-202602-001
$3,500.00
31–60 days — INV-202601-004
$2,250.00
CLIENT: Northern Web Design
91–120 days — INV-202511-002
$8,900.00
CLIENT: Prairie Electric Ltd.
Current — INV-202603-001
$1,800.00
61–90 days — INV-202512-003
$4,100.00
Total Outstanding
$20,550.00

Collection priority: Northern Web Design ($8,900 at 91–120 days) should be contacted first — this is the highest-value, most-overdue receivable. Prairie Electric's 61–90 day invoice ($4,100) is next. iBill ranks clients automatically so you focus where it matters.

How to Use AR Aging for Collections

A practical guide to turning your aging report into collected cash

Step 1: Review Weekly

Check your AR aging report at least once a week. Look for invoices that have moved into a new bucket since your last review. Catching overdue invoices early dramatically improves your chances of collecting — industry data shows collection probability drops below 70% after 90 days.

Step 2: Start with the Oldest

Work from right to left on your aging report. Contact 120+ day accounts first, then 91–120, then 61–90. These are the accounts most at risk of becoming uncollectable. A phone call is more effective than email for overdue accounts past 60 days.

Step 3: Send Payment Reminders

For 31–60 day accounts, use iBill's built-in payment reminder feature to send a polite follow-up automatically. Most clients in this bucket simply forgot or had an administrative delay. A friendly reminder is usually all it takes to get paid.

Step 4: Document Everything

If you eventually need to write off a bad debt, the CRA requires documentation that you attempted to collect. Your AR aging report history, combined with iBill's audit trail of sent reminders and communications, provides the evidence you need for a bad debt deduction under ITA s.20(1)(p).

Accounts Receivable Aging FAQs

What is an accounts receivable aging report?
An accounts receivable aging report is a financial document that categorizes your unpaid invoices by how long they have been outstanding. Invoices are grouped into time buckets — typically Current (0–30 days), 31–60 days, 61–90 days, 91–120 days, and 120+ days. It shows you at a glance who owes you money and how overdue each payment is, so you can prioritize collections.
How do the 30/60/90/120+ day aging buckets work?
Each bucket represents a range of days since the invoice due date. Current means the invoice is not yet overdue (0–30 days from issue). 31–60 days means one month past due. 61–90 days is two months past due. 91–120 days is three months past due. 120+ days indicates a seriously delinquent account that may require escalated collection action or write-off consideration.
How does iBill calculate the AR aging report automatically?
iBill calculates your AR aging report directly from your invoice data. Every time you create an invoice with a due date, iBill tracks it. Unpaid invoices are automatically sorted into aging buckets based on how many days past the due date they are. The report updates in real time — no manual spreadsheet work required.
How do I use the AR aging report for collections?
Start with the oldest buckets (120+ days and 91–120 days) — these are your highest-risk receivables. Contact those clients first with payment reminders. For the 61–90 day bucket, send formal follow-ups. For 31–60 days, a polite reminder is usually sufficient. The report helps you prioritize your collection efforts and identify clients who are consistently slow payers.
Does the CRA require accounts receivable aging reports?
The CRA does not specifically mandate AR aging reports, but under ITA Section 230 you are required to keep adequate books and records. An AR aging report supports your receivables balance on the balance sheet and helps substantiate bad debt deductions (ITA Section 20(1)(p)). During a CRA audit, having a clear aging report demonstrates proper record-keeping and strengthens your position.

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