Aging

1. Retrieve Aging Information

Specify whether to retrieve the aging specifications and aging date from the Accounts Receivable constants. If you leave this processing option blank, the system uses the processing options for aging specifications (Aging Date, Date Types, and Aging Categories). Values are:

Blank: Use processing options 2–10.

1: Use the accounts receivable constants.

2. Aging Date

Specify the date that the system uses 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 Date Types processing option, to determine the number of days the invoice is past due.

If you leave this processing option blank, the system uses today's 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 with 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.

If you leave this processing option blank, the system uses D.

4. Aging Method

Specify which aging categories 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 code. Values are:

1: Aging days. The system assigns invoices to the aging categories specified in the Aging Category 1 – Aging Category 6 processing options. The aging categories are user defined.

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

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

If you leave this processing option blank, the system uses 1.

5. Aging Days (For Method 1 only)

There are four processing options associated with the Aging Days processing option.

Thru

Use this processing option in conjunction with the value specified in the Aging Category 2 processing option to specify the interval that the system uses for the current and first aging categories that print on the report.

Thru

Use this processing option in conjunction with the values specified in the Aging Category 1 and Aging Category 3 processing options to determine the interval that the system uses for the first and second aging categories that print on the report.

Thru

Use this processing option in conjunction with the values specified in the Aging Category 2 and Aging Category 4 processing options to determine the interval that the system uses for the second and third aging categories that print on the report.

Thru

Use this processing option in conjunction with the value specified in the Aging Category 3 processing option to determine the interval that the system uses for the third aging category that prints on the report.

6. Age Credit Amounts

Specify whether to age credit memos according to the aging specifications or to apply credits to the Current aging column that prints on the report.