Aging
- 1. Age From Constants
Specify whether to retrieve the aging specifications from the Accounts Receivable constants. If you leave this field blank, the system uses the processing option values for aging and aging categories. Values are:
Blank: Use the processing options to retrieve the aging specifications.
1: Use the Accounts Receivable constants to retrieve the aging specifications.
- 2. Aging Date
Specify the date for the system to use to determine the aging category to which the system assigns open invoices. The system compares the date that you enter with the date on the invoice, as specified by the Date Type processing option, to determine the number of days that the invoice is past due.
Note: If you use the aging information in the Accounts Receivable constants and you enter a date in this processing option, the system uses the date entered in the Date Aging Based On field in the constants. If that field is blank, the system uses the date entered in this processing option. If both the fields are blank, the system uses the system date to age open invoices.- 3. 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 Aging Date processing option to determine the number of days that the invoice is past due. Values are:
D: Due date.
I: Invoice date.
G: General ledger date.
S: Statement date.
- 4. Aging Method
Specify which aging method the system uses to assign invoices. The system uses the date specified in the Aging Date processing option and the value specified in the Date Type processing option to calculate the aging for each invoice, and then assigns them to the aging category specified by this method. Values are:
1: Aging Days. The system assigns invoices to the aging categories specified in the Aging Category 1 through Aging Category 3 processing options. The aging categories are user-defined.
2: Fiscal Periods. The system uses the fiscal periods 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.