Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 19)

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This date is the statement date and is also used for selecting which invoices and receipts
are included on the statement.
Grace Period
Specify how many days after the statement date you will allow receipts to be recognized
and included on this statement.
Sort Order
Statements can be sorted by account id, account name or statement number.
Format
Three statement formats are available:
Balance Forward This statement starts with the account's previous
balance (from the last statement) followed by lists
of new invoices and receipts.
Open Item This statement lists all unpaid invoices along with
receipts applied to them. Unpaid balances are
aged.
Balance Forward (List Tickets) This is a hybrid statement that includes an invoice
(list of unpaid tickets) and a balance forward
statement.
Statement Note
Enter up to a 100 character message that will appear on each invoice.
Apply Finance Charge
Check this box if you want to calculate and apply finance charges on this statement.
Finance charge rates are specified in the payment terms for an account and are assessed
on invoices that are a specified number of days overdue.