What does ATB stand for in financial terms?

ATB stands for Aged Trial Balance, which is a financial report that categorizes accounts receivable based on the length of time they have been outstanding. This report is critical for businesses, especially in the revenue cycle management context, because it helps to assess and manage overdue accounts, improving cash flow and collections. The Aged Trial Balance allows organizations to identify which accounts are overdue and how long they have been past due, enabling them to prioritize collection efforts and maintain better financial health. Understanding the aging of receivables is a key component in managing and optimizing operations within the revenue cycle.