Diff bet Reports

Navrookie

Hi,

Can someone say me what is the difference between Vendor summary ageing and Aged Accounts payable Report.

Thanks in Advance
Arvind

ssingla

First Few lines of the help:
Aged Account Payable: This report shows the aging of payable accounts.
i.e position as on date.

Summary Ageing: This report displays a list of the payables owed to each vendor. The payables are divided into three time periods. You can define the length of these periods starting from a selected date. There are also columns with entries from before and after the three periods. The report can be used to prepare liquidity analyses
i.e going forward

Navrookie

I could not understand.. thats why asked for Your help

ssingla

Aged Account Payable : Can be run on the basis of posting date/due date/document date in the vendor ledger. The report will show the data
-balance as on date
-Previous period 1 balance
-Previous period 2 balance
....

where as the Summary Ageing will show
- Bills Due as on date
- Bills due in next period 1
- Bills due in next period 2
....


Hope this will help

Navrookie

Thanks Mr.Singla,

Your cleared my doubt.. & is the bills due date calculated on Document date or Posting Date.

Thanks
Arvind

ssingla

Due date is recorded in the vendor ledger entries. Due date is calculated on the basis of payment terms while posting the invoice/credit memo.

Navrookie

due is calculated on the basis of Payment terms.. But my doubt is does the days start from Posting date or Document date.

i.e - Payment terms is 10 Days.
Invoice posted on 10-01-09 with Document date as on 01-01-09.

in that case how does it calculates.. :?:

ssingla

Do a posting and check