Define statement cycles to determine when to send statements to your customers. You enter statement cycles when you define or modify individual customer and site profile classes in the Customer Profile Classes window.
If a customer site is defined as a statement site, Receivables generates a single, consolidated statement for all of this customer's transactions. This statement is sent to this statement site. If you have not defined a statement site for a customer, Receivables creates statements for each customer site to which you have assigned a Bill-To business purpose and for each credit profile that has the Send Statements parameter set to Yes.
You choose a statement cycle when you print your statements. Active statement cycles appear as list of values choices in the Print Statements and Customer Profile Classes windows. Statement cycle dates appear as list of values choices in the Print Statements window.
You can disable a statement cycle by unchecking the Active box, and then saving your work.
Navigate to the Statement Cycles window.
Enter a Name and Description for this statement cycle.
Enter the Interval for this statement cycle to indicate how often Receivables will generate your statements. You can choose Weekly, Monthly, or Quarterly.
Select an operating unit.
Enter Statement Dates for this statement cycle. Receivables uses the statement date to determine past due items and calculate late charges.
To prevent Receivables from printing a statement on a specific statement date, check the Skip box.
Note: The Date Printed field displays the last date you printed statements from the Print Statements window for each statement date within a statement cycle. Receivables does not display a printed date for statement dates that you have either elected to skip or have not yet selected for a statement submission.
Receivables populates this field only if you print statements for all customers who are assigned to this statement cycle.