The Aged Analysis routines calculate ‘on-the-fly’ based on the currently outstanding transactions.For reporting reasons you may want to save the aged analysis at a particular time, such as period end, for reference later. This option takes the current aged analysis values and stores them on the account record.
Selecting this option asks for the date to perform the aged analysis ‘as at’ – the system date being offered as a default. After entering/confirming the date required you are prompted to calculate the aged analysis, respond ‘Yes’ or ‘No’ as required.
This routine, on Diamond and Premier systems, can also be used to mark automatically accounts on stop when they are overdue. Application User Facilities allow you to configure this option to mark overdue accounts as ‘on-stop’ and also allow nomination of a ‘waiting days’ field on the account record that can be used to give some leeway before an account is marked.Note that this procedure will not automatically clear the ‘on-stop’ flag, this has to be done manually within the account maintenance options.
Article ID: 1316
Created On: Mon, Jul 2, 2012 at 11:27 AM
Last Updated On: Mon, Jun 19, 2023 at 3:53 PM
Online URL: https://kb.datafile.co.uk/article/save-aged-analysis-1316.html