Pseudo-Apply of Unapplied Credit Documents on Receivables Mangement Statements


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Question: My aging bucket amounts on my Receivables Management statements ( Routines - Sales - Statements ) and my Historical Aged Trial Balance ( Reports - Sales - Trial Balance - Historical Aged Trial Balance ) are not matching. What is wrong?

Answer:

Unapplied credit documents do not age. However, on the Receivables Management Statements for 6.0 unapplied credit documents are pseudo-applied to the oldest aging bucket.

For example, assume the following documents are outstanding for Customer A:

Document Doc Date Amount

Invoice 1 8/1/2001 $50

Invoice 2 9/15/2001 $25

Payment 1 10/1/2001 $40

Payment 2 10/15/2001 $20 Applied to Invoice 2

Assume an aging date of 11/1/2001.

The aging bucket amounts would appear as follows on the Receivables Management Statement.

0-60 days $5 (Invoice 2 less Payment 2)

61-120 days $10 (Invoice 1 less Payment 1, which has been pseudo-applied)

The aging bucket amounts would appear as follows on the Historical Aged Trial Balance.

0-60 days ($35) (Invoice 2 less Payments 1 & 2)

61-120 days $50 (Invoice 1)





This article was TechKnowledge Document ID: 22469

 

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