This activity is used to define customer open balance history categories. An open balance history category is used to group the open balances of a customer based on the time periods for which they are generated. An open balance history category can be connected to one or more company IDs. Open balances can be generated using the open balance category ID for all customers of these connected companies.
In order to perform this activity, the company IDs to be connected to the open balance history category should exist in IFS Cloud.
As a result of this activity, an open balance history category will be available in IFS Cloud to generate customer open balances for specific time periods.