Question { 9216 }
importance of baseline data
Answer
THE BASELINE DATE IS USED TO CALCULATE THE DUE DATE BY
TAKING INTO ACCOUNTS THE PAYMENT TERMS.ON APP THE BASELINE
DATE HELPS TO PICK THE RELEVANT INVOICES FOR PAYMENT.
DURING APP WHEN THE INVOICES ARE PULLED INTO RUN,THE SYSTEM
CHECKS THE NEXT PAYMENT DATE BEFORE PICKING INVOICES TO BE
PAID.
REGARDS
VENKAT REDDY