To update static aging and report daily totals

  1. Access Audit Summary (AR194).
  2. Run this report daily to update customer static aging periods and optionally, close the Invoice Payment Average (IPA) and Days Beyond Terms (DBT) period totals. The report lists the current company aged trial balance and all accounts receivable activity from the last time you ran the report based on the due date. Use the following guidelines to enter field values:
    Close Payment Averages

    Select Yes if you want to roll the current Invoice Payment Average (IPA) and Days Beyond Terms (DBT) totals into the previous period and roll each past period into the preceding period.

    Note: Periods for IPA and DBT are defined by this flag being set to Yes, not by any calendar on the system.
    Process Level Breaks

    Select whether you want the report to break, sort, and subtotal by the process level.

    Qualify Future Applications

    Select "N" if you do not have future dated applications and the system date is today's date. This reduces processing time dramatically. Select "Y" if you do have future dated applications and the system date is not today's date.