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Customer Credit

The Customer Credit option is where credit policies are applied to customers. From this option you can establish credit limits, place customers on permanent credit hold, make credit notations, see customers' credit history, and view their open transaction balance.

Available Actions Using Changing Printing

 

Customer Credit Fields
Customer The customer ship-to ID, name, and address.
Bill To The "bill to" code, if applicable.
Added The date this customer was added to the system.
Terms The customer's terms.
Credit Hold Indicates whether the customer is placed on permanent credit hold (regardless of current credit balance status); Y= yes, N=no.
Credit Contact The customer's primary credit contact.
Phone

The customer's primary credit contact phone number.
Credit Limit The customer’s credit limit. A credit limit of $0.00 means do not check credit. If a customer does not have a credit limit, it should be $1.00.
Grace Days The number of days used to extend the due date beyond the terms when calculating if the invoice is current or past due.
Last Sale The last sale date for the customer based on posted invoices.
Insurance Carrier The optional insurance carrier used to insure the collection of open balances from this customer.
Coverage The coverage limit extended by the insurance carrier.
Credit Note A brief note about the customer.
Memo Indicates if a memo note (not the credit note entered above) was entered using the Note command option explained in Using Customer Credit.
High Credit The system calculated highest credit amount extended to the customer and the date on which it occurred.
Avg Days to Pay The average number of days it takes for the customers open invoice balance to be fully paid.
Low The shortest number of days it took for the customer’s open invoice to be fully paid and the day on which it occurred.
High The highest number of days it took for the customer’s open invoice to be fully paid and the day on which it occurred.
Avg Invoice Amount The average invoice amount of the invoices for this customer.
Current Balance The current open transaction balance for this customer.

 

Security Required : Receivables - Credit Management

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