Statement Close with the Aging Report (RAG)

Before you run statements, run the A/R Aging Report (RAG) with Update Options CFX (and H if you have open item accounts) to check your account balances and (optionally) calculate finance charges.

Make sure you print this report only once. The system calculates finance charges each time you run this report with Update Options CFXH. For example, if you print two copies, the system will calculate finance charges twice. If this happens, use the FDELETE utility to delete one set of finance charges.

Before you calculate finance charges, ask yourself the questions that follow, then look for your answer. Based on your answers, fill in the A/R Aging Report Screen.

What is your closing date?

If your answer is	Then
End of the month	At Closing Date, enter the last day of the month.
A date other than the end of the month	At Closing Date, enter that date.

Use the date that matches your closing date in Terms File Maintenance. It doesn't matter if you are going to print statemenets before or after the closing date. You should always use the closing date from Terms Maintenance.

Are you open for business on your close date?

If your answer is	Then
Yes	Run this report after you close your store. You can put this report in an automated end-of-day queue so it prints the night you close accounts receivable. You can review it the following morning before you print statements.
No	You can run this report before your close date. For example, today is the 23rd, and you will be closed on the 24th and 25th. Your closing date is the 25th. At Closing Date, enter a closing date of the 25th.
No	You can run this report after your close date. For example, your close date falls on a Sunday, and you are not open for business on Sundays. You can run this report on Monday. Just make sure you use the correct close date.

Running the A/R Aging Report

From the Eagle Browser, click Reports, Accounts Receivable Reports, A/R Aging Report. The A/R Aging Report window displays.
From the page, review the default entries in the fields and make changes if needed. For a definition of each field, click here.
Click .

At Select Options, choose CZ.
At Update Options, select C, F, also select X if you want to calculate finance charges, and also select H if you have any Open Item accounts. For a definition of each option, click here.

Click . A page of fields displays.

- Fill in the Start New Page, Closing Date, and Items to Include fields.
- (Optional) In the lower portion of the window, fill in the desired fields to limit the transactions that print. For a definition of each field, click here.

(Optional) Click .. A page of fields displays. Fill in the desired fields to include or exclude groups of accounts. For a definition of each field, click here.
Click Run.