Page History

All transactions affecting the AR/AP balance, are sorted by due dates and recorded among Payment Collection Transactions.

If the transaction is a cash transaction such as cash payment, collection or bank money order, or a transaction not connected to a payment plan such as debit/credit notes, the due date of the transaction in the payment collection transactions is equal to the transaction date. This transaction is recorded as a single transaction performed at the given date.

Anchor_Toc153869293_Toc153869293 Anchor_Toc153869615_Toc153869615 Anchor_Toc153870179_Toc1538701791. Payment Transactions in Purchase Invoices: Partial Payment / Average Payment
Partial Payment

If the purchase invoice is related to a payment plan, the invoice amount is first divided according to the number of payments and due dates defined in the payment plan, and then recorded among the payment collection transactions as multiple transactions. The transaction is displayed as such in debt tracking transactions as well.

Average Payment

If the purchase invoice is related to a payment plan, the average due date for the payment of the whole amount is calculated using the weighted average method and by processing the number of payments and due dates defined in the payment plan. The purchase invoice is recorded among the payment collection transactions as a single transaction at the calculated due date. The transaction is displayed as such in debt tracking transactions as well.

Anchor_Toc153869296_Toc153869296 Anchor_Toc153869618_Toc153869618 Anchor_Toc153870182_Toc1538701822. Payment Transactions in Sales Invoices: Partial Payment / Average Payment
Anchor_Toc153869297_Toc153869297 Anchor_Toc153869619_Toc153869619 Anchor_Toc153870183_Toc153870183

Partial Payment

If the sales invoice is related to a payment plan, the invoice amount is first divided according to the number of payments and due dates defined in the payment plan, and then recorded among the payment collection transactions as multiple debit transactions. The transaction is displayed as such in debt tracking transactions as well.

Anchor_Toc153869298_Toc153869298 Anchor_Toc153869620_Toc153869620 Anchor_Toc153870184_Toc153870184Average Payment

If the sales invoice is related to a payment plan, the average due date for the payment of the whole amount is calculated using the weighted average method and by processing the number of payments and due dates defined in the payment plan. The sales invoice is recorded among the payment collection transactions as a single debit transaction at the calculated due date. The transaction is displayed as such in debt tracking transactions as well.

Anchor_Toc153869299_Toc153869299 Anchor_Toc153869621_Toc153869621 Anchor_Toc153870185_Toc1538701853. Checks / P. Note Slip Payment Transactions: Partial Payment / Average Payment
Anchor_Toc153869300_Toc153869300 Anchor_Toc153869622_Toc153869622 Anchor_Toc153870186_Toc153870186

Partial Payment

Each check and P. Note transaction recorded on check or P. Note slip lines is recorded among the payment collection transactions as a separate debit or credit transaction at its own due date, and is displayed as such in debt tracking transactions.

Anchor_Toc153869301_Toc153869301 Anchor_Toc153869623_Toc153869623 Anchor_Toc153870187_Toc153870187 Anchor_Toc153870843_Toc153870843 Anchor_Toc154562166_Toc154562166 Anchor_Toc156190117_Toc156190117 Anchor_Toc156205318_Toc156205318 Anchor_Toc182969497_Toc182969497 Anchor_Toc182969796_Toc182969796 Anchor_Toc185750081_Toc185750081 Anchor_Toc197141203_Toc197141203 Anchor_Toc197141524_Toc197141524 Anchor_Toc198364178_Toc198364178 Anchor_Toc199667647_Toc199667647 Anchor_Toc199729994_Toc199729994 Anchor_Toc199834452_Toc199834452 Anchor_Toc210013780_Toc210013780 Anchor_Toc211843044_Toc211843044 Anchor_Toc212025288_Toc212025288 Anchor_Toc212026450_Toc212026450 Anchor_Toc214185854_Toc214185854 Anchor_Toc219693975_Toc219693975 Anchor_Toc222899433_Toc222899433 Anchor_Toc223764451_Toc223764451Average Payment

Average due date of the slip amount is calculated according to the weighted average methods by processing amounts and due dates of check and P. Note transactions on the check or P. Note slip lines. The Check/P. Note slip is recorded among the payment collection transactions as a separate debit or credit transaction with its own total amount and average due date, and is displayed as such in Debt Tracking transactions.

Anchor_Toc153869302_Toc153869302 Anchor_Toc153869624_Toc153869624 Anchor_Toc153870188_Toc1538701884. Debit Closing Window: Invoices / AR/AP

Transactions / Check/P. Note Slips / Bank Money Orders / Safe Deposit Payment Collection Transactions

The debt-closing window displays invoices, checks, P. Notes, money orders, safe deposit and current account slips of the AR/AP in local currency or transaction currency. This window can either be accessed by clicking a button on the Accounts Receivable/Payable or AR/AP

Transactions lists, or opened automatically once the required transaction types are recorded using the Debit Closing option located in finance parameters.

The transaction types required to open the debit-closing window are selected here.
Anchor_Toc153869303_Toc153869303 Anchor_Toc153869625_Toc153869625 Anchor_Toc153870189_Toc153870189 Anchor_Toc153870844_Toc153870844 Anchor_Toc154562167_Toc154562167 Anchor_Toc156190118_Toc156190118 Anchor_Toc156190349_Toc156190349 Anchor_Toc156205319_Toc156205319