Aging Date
On the Accounts Payable Aging Report and the Accounts Receivable Aging Report, enter the date to calculate the age of the transactions. This field defaults to the current date. The age of the transactions determines into which aging bucket (1-5) the system places the transactions.
The age of a transaction can be any of the following, depending on the value you enter in the Aging Basis field:
- The difference between the aging date and the invoice or voucher date.
- The difference between the aging date and the due date.
- The difference between the aging date and the discount date on the voucher or invoice.
On the Order Credit Hold Change Utility, accept the default of today's date or select the date to calculate the age of the customers' invoices. Depending on the value you enter in the Aging Basis field, the age of an invoice is the difference between one of the following:
- the aging date and the invoice date,
- the aging date and the invoice due date.
Note: If you leave blank the Days
Over Invoice Balance Date/Due Date field and the Aged
Posted Balance Limit field on the Customers
form, then the Order Credit Hold Change Utility
selects the Credit Hold field for all customer
orders within the specified range.