3.2.8 Automatic Status Changes
A bill that is yet to reach its repayment date is considered as having an Active status. When repayment against the bill is not made on the due date, you may want to do an aging analysis of the bill. A forward status change is one in which a bill moves from a given user defined status to another in the forward direction.
A reverse status change is one in which the status of a bill changes from a given status to the previous status defined for the bill. Such a situation arises when a payment is made on a bill whose status is not active.
This function will automatically pickup and move bills from one user defined status to another (either forward or reverse) only if the bill matches the following criterion:
- The bill is Active and Authorized.
- You have indicated automatic status change for the bill.
- The criteria for a status change have been met. That is, any of the components of the bill remain unpaid for the number of transfer days defined for the status.