Explain about Party and Customer in AR?

Questions by vp_murali

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Sharmila

  • Jul 28th, 2007
 

Party could be a person or an organization which has no business relation with your entreprise, if you establish a sales relation with a department in a party then that particular department is your customer.

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riyaz_00

  • Sep 1st, 2008
 

In AP Unposted Invoice Sweep process is used to transfer invoices and payments from one period to another. Invoices on hold will not post and therefore need to have the G/L Date changed to the future period before the current AP period can be closed. Run with Sweep Now parameter set to ‘No’ for Preliminary report. Confirm that invoices to be swept do not have to be posted to current period. If invoices are listed for Sweep, rerun with Sweep Now parameter set to ‘Yes’ for Actual sweep.

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vadivel

  • Jun 16th, 2017
 

Customer is who purchased goods from our company. Party is who seeks information about products.

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Govardhan

  • Aug 8th, 2017
 

Party might be a Organization or Individual person. Every party will become a customer who can place an order.

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