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Pgm: ARAGEFM – Aging Period; standard Treeview path: Accounts Receivable > Setup > Local Tables > Aging Period
The system allows up to six aging periods, two of which must be the current period and the very oldest period (i.e. over 120 days). The length can be varied, but the number of periods is declared in the AR control file. The number of days in a period can be changed at any time, and the aging reports and queries will reflect these changes automatically. The system will only allow you to define the number of aging periods entered on the AR Control File.
NOTE: If you opt to run with 6 periods, the AR Executive query and the collections report will utilize all 6 periods but the Aged report will combine the last two periods into the 4th one.
Sequence Number
Enter the sequence number for the aging period. The system allows a maximum of 6 aging periods, but will limit you to the number of periods declared on the control file.
Short Name
Enter the short name for the aging period. The short name will be used as the column title on reports.
Description
Enter the description of the aging period.
Days
Enter the maximum number of days old an invoice can be to belong to this period. For example, if 30 days is specified, then an invoice that is 31 days old will belong to the next period. For the last period (over xx days old), enter "999999").