Client Maintenance / Client Parameters / Bucket Aging

Bucket Aging

Bucket Aging is used to group and analyze a Client's open invoices and open payable. This page allows you to edit the aging bucket information for both AR and AP so that it matches your borrower’s aging. The future and current buckets cannot be deleted, however, you may change the bucket names and bucket days. 

Navigation: Client Maintenance → Client Parameters → Bucket Aging

Refer to the screenshot:

To create a new bucket aging, perform these steps:

1. Click the  button.

2. Enter the number of bucket days and bucket name in the relevant fields of the screen.

3. Click the  button, new bucket aging gets created.

4. The created bucket includes days range where you can add a range and define the days.

5. You can also set a bucket which is a part of Total AR as ineligible only for Retention ineligible reason.

6. You can create, delete, and export the bucket details as required.

To set a bucket as ineligible, perform these steps:

1. Go to Bucket Aging page.

2. At the Bucket name field, click Edit.

3. You can edit the name and click Save. The Bucket name is user defined.

3. The amount under the Bucket name (Retention) is a part of AR.

4. If you select Retention as ineligible reason under Ineligible Calculation page, then the amount is deducted from the balance amount in BBC Availability page.

5. If you don't select Retention as ineligible reason, then the amount is available in AR and is a part of balance amount in BBC Availability page.

6. These changes can be viewed under BBC Process/History Reports, Management Reports, Audit Log Report and, ABL Master AR Reports.

Refer to the screenshot:

You can add a custom bucket and this can be viewed under the Mapping screen. These are custom ineligibles and the changes are affected only for Retention value ineligible reason.