What is known as a method of identifying how long an account has been overdue?

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Account aging is a method of identifying how long an account has been overdue. This method involves analyzing the time duration for which the account has remained unpaid and categorizing it into age buckets such as 30-days, 60-days, or 90-days past due. This helps businesses track and manage their accounts receivable and identify the customers who have an outstanding payment history.

What Is Known as a Method of Identifying How Long