What feature helps in tracking unpaid invoices?

The Accounts Receivable Aging Report is specifically designed to help businesses track unpaid invoices by categorizing outstanding receivables based on how long they have been overdue. This report sorts invoices into different age categories, such as current, 1-30 days past due, 31-60 days past due, etc. This structure allows business owners and accountants to quickly identify which invoices are overdue and by how long, thus providing insight into cash flow and the effectiveness of collection efforts.

Using this report, a company can prioritize which accounts to follow up on based on the age of the invoices, thus improving the likelihood of receiving payments on outstanding amounts. The detailed breakdown also assists in managing customer relationships, as it allows businesses to recognize patterns in payment behavior.

In contrast, while customer payments reports may show payments received, they do not focus specifically on unpaid invoices. Account reconciliation deals with balancing bank accounts rather than tracking invoices, and expense tracking pertains to costs incurred rather than receivables. Therefore, the Accounts Receivable Aging Report is the most relevant tool for tracking unpaid invoices.