Using Application Data Sets for Aging

Management and collection departments rely on aging to identify delinquent accounts and the length of time an invoice has been outstanding. Aging helps to assess possible cash flow issues or credit risks. Aging IDs define how the Aging process and aging reports age open items. They also enable you to define unique rules for aging deduction, disputed, collection, and doubtful items, and items paid by drafts with an accepted or remitted status. The Aging process uses the aging ID assigned to the bill to customer first, then defined at the business unit level to age items.

Because there are several fields to be entered to create an aging definition, it is advantageous to set up aging in a development database and use the Application Data Set (ADS) definition to migrate this data between development environments, test environments, and ultimately, to a production environment.