Concepts

AR/AP: The vendors and customers the company is working with, and other companies with which the company has debit/credit relations.
AR/AP Transactions: AR/AP transactions such as invoices, cash payments, collections, check and P. Note transactions, debit and credit notes and money orders received and issued.
Payment Collection Transactions: Payments processed and collections made.
Debt Tracking Window: The window used to list AR/AP transaction amounts, to track the transactions closed by each payment or collection, and to perform debt closing transactions.
Transaction Date The date of the transaction.
Due Date: Indicates the payment date of the check or P. Note for payments performed using checks or P. Notes.
Payment Plan: The plan used to display the dates and amounts of debits or credits, and the interest rates to be applied for prepayments and delays.
Prepayment: Payments done before the due dates specified in the plan.
Delayed Payment: Payments done after the due dates specified in the plan.
Due Date Difference: The amount calculated if the transaction is closed before or after the due date specified in the plan.