Understand the Statement Generation Process

Advantage Financial automatically generates statements for customers when statement processing is specified on the Billing Profile table and balances or activity exists within the statement period for that customer and billing profile.

The system uses the Statement Detail table to capture transaction activity that will appear on the customer statement. The following accounting transaction activities are tracked on the Statement Detail table when they affect customer account balances and are available for statement generation:

• Original Receivables

• Cash Receipts

• Write Offs

• Payment Vouchers (for customer refunds)

• Intercept Transfers

Note that if a Receivable (RE) transaction is modified one or more times within a single statement print period, the statement generation process summarizes the changes into one net amount.

This topic includes the following areas:

• How statement activity is organized

• Results of the statement generation process

• Viewing and inquiring on statement activity

• Sending statement to third parties or "parent" locations

• Establishing minimum statement amounts

• Suppressing printing of statements

• Changing the Billing Type

• Consolidated Statements for Customers