Zuora's Payment Operations is our version of Accounts Receivable or the Invoice to Cash process. This includes the ability to create transactions including Payments, Refunds, Credit Balances (to handle overpayments), Invoice Item Adjustments, Credit Balance Adjustments and Credit Balance Refunds.
Every transaction in Zuora has the following dates: Transaction Date, Created On Date, and Updated On Date. This article discusses how transaction dates can be used.
Transactions can be created in the past, present, or future. The Transaction Date is the date the transaction is effective. The Created On and Updated dates are the actual dates when the transaction was created or updated and have no bearing on payment operations.
There is one Transaction Date for each transaction, as listed below:
| Transaction | Transaction Date |
|---|---|
| Invoice | Invoice Date |
| Payment | Payment Date |
| Refund | Refund Date |
| Credit Balance Adjustment | Credit Balance Adjustment Date |
| Invoice Item Adjustment | Invoice Item Adjustment Date |
Zuora uses Transaction Dates in the following ways:
Vision