Adding a Credit and Collection Date Pattern

Access the Set up Credit/Collection Date Pattern form.

Date FY Beg (date fiscal year begins)

Enter the first day of the fiscal year.

Fiscal Year

Enter the fiscal year, specifying the year at the end of the first period.

For example, if a fiscal year begins October 1, 2008 and ends September 30, 2009, you would enter 08 rather than 09. The end of the first period is October 31, 2008.

When you run the Update Invoice Amounts process, the system automatically updates the fiscal year in the Credit and Collection date patterns.

Century

Enter the first two digits of the year. For example, 19 indicates any year beginning with 19 (for example, 1998 and 1999), and 20 indicates any year beginning with 20 (for example, 2000, 2001, and so on).

Current Year

Select this option to specify a fiscal year as the current year.

You must specify one date pattern for the current year.

Ending Date

Enter the date on which a credit/collection period ends for the date pattern specified. The system uses credit/collection date patterns for statistical reporting only.

Period Days

Enter the number of days within an accounting period.

If you leave this field blank, the system calculates the number of days in the period based on the ending dates that you enter.