Accounts Payable Aging Report

Definition

A detailed breakdown of which vendor invoices are due soon and which ones you've been ignoring for months—a document that makes CFOs very anxious.

Example Usage

The AP aging report showed $200,000 in invoices over 90 days old, prompting an emergency payment schedule.

Origin

Standard accounting report format for cash management

Fun Fact

If your AP aging is too long, suppliers start demanding COD (cash on delivery) instead of extending credit terms.

Source: Standard accounting practice

Related Terms

Beginner

Take-Home Pay

The amount of money you actually get to keep after taxes, benefits, and government decides to become your unwanted business partner. It's always less than you think.

💰 Finance / Accounting

Beginner

Accrual Basis Accounting

Recording revenue when you earn it and expenses when you incur them, regardless of whether you've actually seen the money. It's accounting for optimists who believe invoices will eventually be paid.

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Advanced

repo

Short for either 'repurchase agreement' (a fancy overnight loan in finance) or 'repossession' (what happens to your car when payments stop), proving that context is everything. In finance, it's a legitimate short-term borrowing tool where securities serve as collateral; in collections, it's the nightmare scenario involving a tow truck at 3 AM. Tech folks have also hijacked the term for 'repository,' because apparently three definitions weren't confusing enough.

💰 Finance / Accounting

Intermediate

dividends

Money that companies hand back to shareholders because they couldn't figure out how to burn it all on expansion. It's the reward for owning a piece of a company that actually makes profit—a rare and increasingly mythical creature in the startup world.

💰 Finance / Accounting

Intermediate

maturity

In finance, the magical date when a debt instrument finally dies and you get your principal back, assuming the borrower hasn't conveniently declared bankruptcy. It's the finish line of your bond investment journey, when all those coupon payments finally culminate in getting your original money returned, possibly worth less due to inflation. The financial equivalent of your kid moving out—you've been waiting forever, and when it finally happens, you're not sure if you should celebrate or panic about what comes next.

💰 Finance / Accounting

Beginner

Prepaid Expense

Money you paid in advance for something you haven't used yet—like paying for next year's insurance today.

💰 Finance / Accounting

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