Sage 300 – Option to Set Default Aging Period

By | December 29, 2015

Sage 300’s various modules facilitate the provision to set four slots for default aging period. These slots are further used in various aging repots to display periodic results.

New stuff: Account Receivable – Invoice Sales Split Tab in Sage 300

This option is provided in Options screen of Account Receivable, Account Payable, Inventory Control, Order Entry, Purchase Order modules refer below navigation paths and screen shot for each one of them.

User can specify the number of days in each of the four aging period’s slots provided which will be further used to bifurcate aged inventory for costing, issuing, consuming etc., sort transactions and account balances for charging interest in AR or AP and other reporting purposes.

Account Payable:
AP Setup –>Options –>Processing tab

1-APAgingPeriod

Aging periods in Accounts Payables are used for setting default time periods for the Overdue Transactions for the Overdue Payables and Accounts Payable Groups Outstanding and Aged Cash requirements reports.
It defines Aging periods by which you group outstanding and overdue transactions on reports.

For the report details you can refer below links

Account Receivables:
AR Setup–>Options –>Processing tab

2-ARAgingPeriod

User can use Aging fields to set the default periods into which Accounts Receivable groups outstanding transactions or balances for the Overdue Receivables and Aged Trial Balance reports, customer statements, and the Customer Inquiry screen.

User can also specify the message (dunning message) which he/she wants to print on customer statements with balances in each of the four aging time slots.

For the report details you can refer below links

Inventory Control:

IC Setup –>Options –>Documents tab

3-ICAgingPeriod

In Inventory Control, Aging Periods are used for setting default time slots in the Aged Inventory report. The report prints the net changes in item quantities and costs for the set of four aging periods specified.

For reports you can refer the below link:

Order Entry:
OE Setup–>Options–>Documents tab

4-OEAgingPeriod

Purchase Order:
PO Setup–>Options–>Documents tab

5-OEAgingPeriod

In PO module Aging Periods is used to default the five time slots for Purchase Orders groups outstanding transactions for the Aged Purchase Orders report. These five slots include current (not due) period and four previous periods.

For report below link can be referred:

Note:
User can change the lengths of the periods for an individual report when user is about to print report. User can also change the default periods at any time.

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