Overdue Invoice Checking

Overdue Invoice Checking, or OIC, calculates the sum of outstanding financial transactions for the customer account and compares this figure to the specified OIC limit on the account. If the limit is exceeded, the order line being entered fails OIC. The financial transactions included in this calculation can be defined in the Ledger Allocation Indicators.

This check calculates the overdue amount as the sum of debits on the account with a due date prior to the current login date and with allocation indicators defined as being included in the OIC calculation.

How is the Overdue Invoice Check Calculated?

The available overdue amount for the account equals the OIC limit minus the overdue amount plus any OIC overrides.

The line fails the OIC if the available overdue amount is less than 0.

The line passes the OIC if the available overdue amount is greater than or equal to 0.