R12.2.6 Calculating a Supplier Balance - what is the standard functionality?

Hello,

How could we calculate a supplier balance on a back date, e.g. on 31-DEC-2017?

According to the page 3-228 Oracle Payables User's Guide (R12.2):

1) Use the Find Invoices window and choose the Calculate Balance Owed button to see how much you owe a supplier and how many unpaid invoices you have in the system for the supplier. 

2) Payables calculates the balance based on the combination of *criteria* you enter.

The question is if we enter Invoice Date to 31/12/2017 in search criteria, should it calculate the balance on 31/12/2017?

Steps to reproduce:

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1) Enter an invoice on 31/12/2017 (invoice date).

2) Pay it on 22/01/2018.