Reconciliation

Accounts Payable Aging Schedule Template

Analyze outstanding vendor invoices by age. Track payment obligations and identify discrepancies with vendor statements.

How to use this template

1

Extract open vendor invoices

Pull all open vendor invoices from AP subledger. Include invoice date, due date, vendor name, invoice number, and amount.

2

Age invoices by days outstanding

Categorize each invoice: current, 1-30 days past due, 31-60 days past due, 61-90 days past due, 90+ days past due.

3

Calculate aging totals

Sum AP in each aging category. Compare total to GL accounts payable account. Investigate any differences.

4

Identify overdue items

Flag invoices that are significantly past due. Determine if they're in dispute, on hold, or overlooked for payment.

5

Reconcile to vendor statements

Obtain vendor statements and reconcile to aging schedule. Identify items vendor claims are unpaid that you've recorded as paid.

Why use this template

  • Ensures you're paying bills on time to maintain vendor relationships
  • Identifies disputed invoices or vendor statement mismatches
  • Improves cash flow management and payment planning
  • Catches duplicate payments or invoices recorded in error

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