Aging

1. Print Aging

Specify whether to print aging information on the statement. Values are:

Blank: Do not print.

1: Print.

2. Retrieve Aging Specifications

Specify whether to retrieve the aging specifications and statement date from the Accounts Receivable constants. Values are:

Blank: Use processing options to retrieve aging specifications and the statement date.

1: Use the Accounts Receivable constants.

3. Statement Date

Specify the date for the system to use to determine the aging category to which to assign open invoices. The system compares the date that you enter to the date on the invoice, as specified by the Age Open Balances Date processing option, to determine the number of days that the invoice is past due. The system also uses this date as the statement date that is printed on the statement.

If you leave this processing option blank, the system uses today's date to age open invoices.

4. Open Balances Date Type

Specify the date on the invoice that the system uses to determine the aging category. The system compares the date that you specify to the value in the Statement Date processing option to determine the number of days that the invoice is past due. Values are:

Blank: Use the default value of D (due date).

D: Invoice due date.

I: Invoice date.

G: GL date.

S: Statement date.

5. Aging Method

Specify which aging categories the system uses to assign invoices. The system uses the date that is specified in the Statement Date processing option and the value that is specified in the Open Balances Date Types processing option to calculate the aging for each invoice, and then assigns them to the aging category that is specified by this code. Values are:

Blank: Use the default value 1 (aging days).

1: Aging days. The system assigns invoices to the aging categories that are specified in the Aging Day Ranges processing options. The aging categories are user-defined.

2: Fiscal periods. The system uses the fiscal periods that are defined by the date pattern that is assigned to the company record as the aging categories.

3: Calendar. The system uses each calendar month as an aging category.

6. Apply Credits

Specify whether to age credit amounts according to the aging specifications, or to apply credits to the Current Aging column that prints on the statement. Values are:

Blank: Age credits according to the aging specifications.

1: Apply credits to the Current Aging column.