Automatic application using the last statement method

Only the oldest payments to the open items on the customer's last statement are applied. You can use this method only for open item processing customers. This option first applies a payment to credit memos and payment to invoices and debit memos. The age by the transaction due date is specified by the process. Discounts are not taken and application is tolerated. If it is specified for the customer, then it is not applied. It is intended that customers pay for exactly what is shown on their last statement.

Processing conditions

Last statement processing is not compared to the transaction amounts for the partial applications. The adjustment records are not created by the process. Only cash payments to open items are applied by the last statement processing. Bill of exchange payments that are displayed on the customer's last statement are not considered.