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.

WARNING:

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.

• Bills, Payments & Adjustments
  
• Bill Details
  
• Payment Details
  
• Adjustment Details
  
• Current Amount versus Payoff Amount
  
• Financial Transactions Created Between Bills
  
• Financial Transactions And Aged Debt
  
• Preventing SA Balances And The GL From Being Impacted Until Bill Completion
  
• Forcing The Freeze Date To Be Used As The Accounting Date
  
• How Late Payment Charges Get Calculated