Aging
If you do not change any of the default settings on this tab, the system retrieves aging specifications from AP constants. If you change the first processing option from the default of 1 to blank, the system retrieves aging specifications from the values that you enter on this tab.
- 1. Aging Specifications
Enter 1 to retrieve aging specifications from the General Constants table (F0009). Leave this processing option blank to retrieve aging information from the processing options for this program.
- 2. Aging Date
Specify the date that the system uses to age open balances. The system compares the date in the processing option to the date on the voucher to determine the aging category in which to place each transaction. If you leave this processing option blank, the system compares the current date to the date on the voucher to determine the aging category.
- 3. Date Type
Specify which date on the voucher that the system uses to age open balances if the Aging Specifications processing option is set to use the aging processing options. The system compares this date to the aging date to determine the aging period in which to place each transaction. Values are:
Blank or D: Use the due date to age vouchers.
G: Use the GL date to age vouchers.
I: Use the invoice date to age vouchers.
- 4. Aging Method
Specify which aging periods the system uses if the Aging Specifications processing option is set to use the aging processing options.
The system ignores these values if the Aging Specifications processing option is set to retrieve aging specifications from the Accounts Payable Constants. Values are:
Blank or 1: Aging days
2: Fiscal periods
3: Calendar months
- 5. Aging Days (Aging Categories 1–5)
Specify the aging intervals in each of the five aging category processing options. The system uses these five processing options to determine the five aging columns on the report. For example, if the aging days specified in these five processing options are 30-, 0, 30, 60, and 90, then the five aging columns of the report will be Current, 1-30, 31-60, 61-90, and Over 90.
These processing options apply only if the Aging Specifications and Aging Method processing option are blank.
- 6. Age Credits
Enter 1 to apply credits to the appropriate aging column. Leave this processing option blank to apply credits to the Current aging column.