You use aging buckets to categorize bill units by the number of days they are past due, allowing you to assign collections actions based on a bill unit's bucket.

For each bucket, you define the maximum days a bill unit can be past due. For example:

• 30 days: Holds bills that are 1 to 30 days overdue

• 60 days: Holds bills that are 31 to 60 days overdue

• 90 days: Holds bills that are 61 to 90 days overdue

When a bill unit exceeds a bucket's range, the system moves it to the next bucket. You create or modify aging buckets to fit your business or reporting needs. The system supports up to ten buckets.

Review and update aging bucket values regularly to reflect changes in collection processes or reporting requirements. Discuss any updates with affected business or accounting teams to ensure data continuity.

You can define and adjust aging buckets to categorize overdue balances.

When you create aging buckets, assign a unique value for days to each bucket and define at least one aging bucket. If you modify bucket definitions, the system immediately updates how it classifies overdue balances.

To add buckets:

1. From the Home page, click Aging Bucket on the bottom left.

   The View and Manage Aging Bucket page appears.

2. Click Add Bucket.

   A new bucket appears in the list.

3. In the Days field for the new bucket, enter the number of days for this bucket.

If you modify bucket definitions, the system immediately updates how it classifies overdue balances.

To modify an existing bucket:

1. From the Home page, click Aging Bucket from the bottom left and locate the bucket you want to update.
2. In the Days field, enter a new value to update the number of days for that bucket.

Your updated bucket will be saved.

To remove an aging bucket:

1. From the Home page, click Aging Bucket from the bottom left and locate the bucket you want to delete.
2. Click the Delete icon for the bucket that you want to remove.
3. Select Delete when prompted to permanently delete the bucket.