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payment schedule is JUL-24 but AR invoice accounting period is Jun-24

in Lease Accounting 1 comment

Summary:

The AR transaction date is same as Jul-24 but Accounting date is still Jun-24 in AR. Can the Accounting date same as transaction date? Or same as its lease payment schedule period? It is required to issue the July customer invoice on mid of Jun and invoice due date is on 1st of Jul. That’s why we need to interface Jul-24 payment on period Jun-24.

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