AP related

[Hadi_apps]

Hi,

Can any body help me 'What is Aging in AP' and for which purpose it is used?and what are the steps to use Aging? whether it is used in AR also?

Regards,

Hadi.......

[ramesh.nalem]

<b>Aginr Report in AP</b>

Aging is nothing but outstandig payments.

Aging Report not only takes posted Invoices but also unposted Invoices.

The purpose of the report is to tell what is company's liability over a course of period.

It's a Standard Report you will find it LOVs.

This Report is used in both cases AP&AR

<b>Aginr Report in AR</b>

Aging reports are used to review information about your open items . These reports can print both detail and summary information about your customer's current and past due invoices, debit memos, and Chargebacks. Receivables also gives you the option to see on-account credits, and on-account and unapplied cash amounts.

[Hadi_apps]

[quote]<b>Aginr Report in AP</b>

Aging is nothing but outstandig payments.

Aging Report not only takes posted Invoices but also unposted Invoices.

The purpose of the report is to tell what is company's liability over a course of period.

It's a Standard Report you will find it LOVs.

This Report is used in both cases AP&AR

<b>Aginr Report in AR</b>

Aging reports are used to review information about your open items . These reports can print both detail and summary information about your customer's current and past due invoices, debit memos, and Chargebacks. Receivables also gives you the option to see on-account credits, and on-account and unapplied cash amounts.



<i><div align="right">Originally posted by ramesh.nalem