| Description: |
This system function establishes a receivable, ages a receivable, and liquidates the receivable. The system function receives sales evidence and establishes as a receivable in the subsidiary ledger. The system function ages the receivable based upon business rules. The receivable is then liquidated upon collection. If the receivable has not been liquidated based upon pre-established business rules, the receivable then becomes a delinquent debt. If a write-off is warranted, the Manage Delinquent Debt function will send write-off data to close-out the transaction. |