You use this program to maintain the end dates for your user defined buckets for discount and/or invoice due when your AR terms are set to Number of days fixed.
| Field | Description |
|---|---|
| Start Processing | Select this to display, generate or delete the due dates according to the Processing options you indicated. |
| Invoice terms | Indicate the invoice term for which to maintain due dates. |
| Field | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Terms | This displays the invoice discount term you are currently maintaining. | ||||||||
| Description | This displays the description of the discount term you are currently maintaining. | ||||||||
| Processing options | |||||||||
| Due date option |
Indicate the function to apply to the due dates for the AR terms option selected.
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| AR terms option |
Indicate which due dates to process.
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| Start date | Indicate the date from which to view, generate or purge due dates. | ||||||||
| End date | Indicate the end date to which to view, generate or purge due dates. | ||||||||
| Number of days interval | Indicate the length of the periods of your user defined
discount/invoice ageing buckets as defined in the
Discount days field of the AR Invoice Terms program. This is used by the
Generate function to automatically create
due dates from the Start date to the
End date specified. For example, if your Discount days are set to 7, then your discount due dates should be defined in 7 day lengths (e.g. 7/01/YY, 14/01/YY, 21/01/YY, 28/01/YY, etc). Similarly, if, for example, your Invoice days are set to 10, then your invoice due dates should be defined in 10 day lengths (e.g. 10/01/YY, 20/01/YY, 30/01/YY, etc). |
The Invoice or Discount due dates are displayed in this pane according to the Processing options you indicated.
| Field | Description |
|---|---|
| Save | Select this to save the due dates entered in the grid, or generated automatically, or copied. |
| Copy dates | If you are currently maintaining
Invoice due dates, then this will copy
the invoice due dates to the Discount due
dates. Similarly, if you are currently maintaining
Discount due dates, then this will copy
those dates to the Invoice due
dates. You typically copy the dates if your Invoice days are the same as your Discount days in the AR Invoice Terms program (i.e. if your discount ageing buckets and your invoice due ageing buckets are the same length). |
| Refresh | |
| Due date | If you are maintaining Invoice due
dates then this indicates the end dates of your ageing buckets
for invoice ageing. The dates are used as the cut-off dates by
which payment must be made by a customer to prevent the
invoice becoming overdue. The transaction date is the basis
for determining the ageing bucket into which the transaction
amount falls. If you are maintaining Discount due dates, then this indicates the cut-off date by which payment must be made by a customer in order to qualify for the settlement discount for each discount bucket. Due dates can be entered into the grid manually or generated automatically using the Generate option and indicating the Start date, End date and Number of days interval. |