Updating customer static aging periods

Run the Receivable Activity Summary daily to update customer static aging periods and optionally, close the Invoice Payment Average (IPA) and Days Beyond Terms (DBT) period totals. The report contains the current company aged trial balance and all receivables activity from the last time you ran the report.
  1. Select Receivable Activity Summary.
  2. Select Company or Company Group, but not both.
  3. Specify this information:
    Close Payment Averages
    Select Close the payment averages to roll the current Invoice Payment Average (IPA) and Days Beyond Terms (DBT) totals into the previous period and to roll each past period into the preceding period.
    Process Level Breaks
    Select Break by process level to break, sort, and subtotal by the process level.
    List FOR Averages
    Select List FOR averages to list Funds Outstanding Ratio (FOR) on the report.
    Qualify Future Applications
    • Select Do not qualify future apps if you do not have future dated applications and the as of date is the current date. This input dramatically reduces processing time.
    • Select Qualify future apps if you have future dated applications and the as of date is not today's date.
    Create Aging Summary
    Select Yes to create an aging summary.
  4. In the Report Distribution section, select distribution lists and export types for these reports:
    • Receivable Activity Summary Report
    • Receivable Activity Summary Error Report
  5. Click Submit.