What is maturity date and where is collection days specified?
There is a clearance method on receipt classes which says By Automatic Clearing.
As per user guide
Run the Automatic Clearing program to clear receipts on the
receipt dates plus the number of clearing days. For standard remittances, the receipt
date is either the maturity date plus the number of collection days or the remittance
date plus the number of collection days, whichever comes later.
We want to know the business significance of maturity date. Is it the date on the cheque?
Where is collection days defined in AR?
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