What is displayed in the aging summary of a customer statement?

The aging summary of a customer statement provides a breakdown of how long each amount has been due. This typically categorizes outstanding invoices into time frames, such as 0-30 days, 31-60 days, 61-90 days, and so on, which helps businesses assess the age of their receivables. This information is crucial for managing collections and understanding cash flow, as it highlights which accounts are overdue and may require follow-up.

Other options like future payment schedules or monthly sales trends do not pertain to the aging summary, as that section is specifically focused on outstanding debts and their durations. Similarly, while the total account balance is useful, it does not provide the detailed breakdown necessary for understanding the timing of payments owed, which is essential for effective credit management. Thus, the aging summary is an important tool for monitoring outstanding receivables and facilitating timely collection efforts.