Why should a dealer print customer statements after purging Accounts - ProProfs
     

Why should a dealer print customer statements after purging Accounts Receivable (A/R)?



A. To ensure the correct average days to pay appears on the customer statement.
B. Printing statements immediately after purging is the only way to ensure the proper aging and cutoff dates.
C. To include only open invoices on any customer statement.

This question is part of ECi DDMS Support Year-End Knowledge

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2 Answers

e.Susan

E.Susan

Answered on Dec 05, 2017

To include solely open invoices on any client statement. Purging A/R removes all invoices with zero balances, therefore solely open invoices can be seen on statements. You will print statements later, as long as you enter the proper aging and cutoff dates. Average days to pay isn't usually shown to the client on a press release.

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eciquiz

Eciquiz

Answered on Sep 05, 2017

To include only open invoices on any customer statement.

Purging A/R removes all invoices with zero balances, so only open invoices will appear on statements afterward. You can print statements later, as long as you enter the right aging and cutoff dates. Average days to pay is not generally shown to the customer on a statement.

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