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Customer Account Type (1.6b3) - Overdue Days function

Submitted by Guest on Fri, 16/11/2012 - 14:15
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Can someone tell me what the function of the "Overdue Days" setting in the Customer Account Type screen is.

It seems to me (from experimentation) that if a customer has a invoice that is older than the Payment Terms setting, then it is classed as overdue.

However, the values of the 'Overdue Days' setting seems to have no effect on where the 'overdue' boundary is.

Is there a bug or am I do I not understand something.

 

Regards, Tim

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Re: Customer Account Type (1.6b3) - Overdue Days function

Submitted by tanderson on Mon, 19/11/2012 - 13:47.

The Overdue Days comes into effect when doing statement generation.

Its used to calculate the Account Fee Date: Statement Date - Overdue Days.

The Account Fee Date is used to determine the overdue balance. This is the sum of any finalised debits prior to Account Fee Date that had not been fully allocated by credits as of Statement Date.

If there is an overdue balance, and the balance exceeds the Account Fee Balance, the fee is calculated. If the fee exceeds the Account Fee Minimum, then it is charged.

-Tim A

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