Aging totals must match the balance sheet
Every aging report total should equal its line on the balance sheet for the same date:
- Family aging total = Accounts Receivable – Families
- CCS aging total = Accounts Receivable – CCS
- AP aging total = Accounts Payable
When they do not match, something has been recorded outside the normal process. Ask your bookkeeper to explain the difference. Lesson 9 returns to this.