The Financial Big Picture
This section provides an overview of the relationship between an account and the various financial transactions that influence how much a customer owes.
CAUTION: If your organization practices cash accounting
for payables (i.e., you only pay the taxing authority when you get
paid), refer to Payables
Cash Accounting. If you organization practices open-item accounting
(i.e., payments must be matched to bills), refer to Open Item
Accounting.
Related Topics:
Parent Topic: Defining Financial Transaction Options