Debtors Classification

Normally the period should be calculated from the bill date and if the invoice payment is not received even after 180 days then it should be classified in "above 180 days - debtors"...

This comes in receivable management where company's present and future  Owner/Shareholder/lenders/creditors and the Government authorities wants to know about :
1. The future of the company,
2. Payment performance of debtors of the company,
3. Receivable management of the company,
4. Growth and performance of the company.

**DM