News Ticker

Business 101: What Do The Terms “Aging” and “Arrears” Mean?

There are some basics about business that most business owners are afraid to admit that they really don’t know or understand.

Well, here at BBH we’re going to give you the answers to the questions you might have been too embarrassed to ask.

Here are the terms for today:

calendar

Aging is the measuring of the time between today’s date and when payment was due on an invoice. When a payment is overdue it is usually described in the terms like: thirty days, sixty days, and ninety days overdue.

Arrears is a term that’s often used in relation to taxes and it is used to describe an that is  overdue.

 

Photo by skagman

Related article

 

About Scott Aughtmon (1864 Articles)
I’m author of the book 51 Content Marketing Hacks. I am also a regular contributor to ContentMarketingInstitute.com and I am the person behind the popular infographic 21 Types of Content We Crave. I’m a business strategist, consultant, content creation specialist, and speaker. I’ve been studying effective marketing and business methods (both online and offline) since 1999. ===> If you would like to see ways that we could work together, then please click here to learn more.