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Functions:
Customers
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| To do these business operations... | Use these functions |
| Use the Billing Cycle Checklist to process customers. After you complete all processing for customers in the billing cycle (apply finance charges, apply recurring charges, and print statements), then close out customer activity for the cycle. (Remember that you can have any number of billing cycles, from one to as many as you need.) Balances are rolled into aging buckets according to the current (Aging) date. The system considers transactions entered on or after the Aging date as current transactions. The system considers transactions entered before the Aging date as past due. The checklist helps you remember to do all the processing in the recommended sequence and prevents you from doing any of the steps more than once per cycle. | Receivables
Billing Cycle Checklist |