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Ageing Periods in Statements

Experienced User LAH
11 Posts
Experienced User
New Zealand

Ageing Periods in Statements

To get February 17 invoices in current and the rest aged according to the date they were raised.

Is this done by daily ageing. And each month do you change the days before running the statements.

So would it mean Feb is "current" then do you go 1-31 (Jan) 32-63 = Dec; 64 -94 = Nov.  ????

Confusing.  Look forward to your comments

3 REPLIES
Ultimate Partner jenniek
2,016 Posts
Ultimate Partner
New Zealand

Re: Ageing Periods in Statements

Hi there @LAH

It depends on the ageing terms you use on each invoice (normally determined by the terms set of each customer) I normally use Day of Month after EOM - then Balance Due date = 20th. Then when you print statements, you need to go to Setup - Preferences - Reports & Forms - and change it to Daily Ageing. Its better to keep it on monthly ageing during the month - but daily ageing to print statements. This method will put February into current, January into 1month and Dec into 2 months etc. Hope this is what you are looking for.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Experienced User LAH
11 Posts
Experienced User
New Zealand

Re: Ageing Periods in Statements

Thanks so much.  But am I correct/or not with the counting of days.  Current = Feb; 1-31? = Jan; 32-63?

Ultimate Partner jenniek
2,016 Posts
Ultimate Partner
New Zealand

Re: Ageing Periods in Statements

Hi @LAH

The number of days is the number from the date of the invoice, so if you invoices are all dated the same date, at the beginning or end of the month then the same would occur - but if it is mid month, then the ageing will change mid month.

 

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
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