What is the aging-of-receivables method in financial accounting?
Please explain in easiest terms possible. Thank you

The aging of receivables method
Is a simple method of classification.
We adopt a simple counting of
30,60 and 90 days and over from the receivable becomes present.
One should give more effort to collect the 90 days and over.
If there is an overdraft in the firm,
This becomes helpful in alleviating interest payments.