Automatic Cash Application Window
In the configuration of the Cash Application Method there is a field called Automatic Cash Application Window. The value in this field can be used to limit automatic application of funds to future dated invoices.
If I am posting cash on 11/8 and the setting is 7 then if there is an open invoice with a due date of 11/15 it will not have cash applied to it. The system treats the current day as day 1.
ASPIRE Cash Application Method Definitions
Overview Cash Application Methods (a.k.a. Cash Application Codes) provide the ability to setup the way and the order to apply cash. There are four predefined Application Methods available in ASPIRE, each can be set up to determine in what order cash ...
Adjustment Item Earnings Method
Adjustment Item Earnings Method tells the system how to calculate earnings on Contract Items (such as IDC and the Loan item for loans). It defaults to "Customer" but there are 3 choices, all explained below. All three are applicable to Leases but ...
Cash Application Methods
Balance Forward This selection finds the oldest eligible invoice and automatically applies the cash received in the order of the eligible items set in the Cash Application Priorities; then the next oldest etc. For example, if priority post is set ...
Cash Management – Payment Batch Posting
See attached document for complete details. The Cash Management screen allows payments to be applied to open customer invoices. Invoices can be found by searching based primarily on Customer, Contract, Amount or Invoice. Attached Document Table of ...
Calculating ASPIRE IDC Expense (Effective Interest Method)
When ASPIRE v5 IDC contract items are configured to use the effective interest method the system creates an amortization schedule of each IDC item and subtracts the interest in that amort from the customer facing interest amount per period to ...