Using Receivables Options

The receivables setup options control the behavior of accounts receivables (AR) and credit and collection features. Use these setup options to implement your credit and collection policies and procedures.

The default payment method used in cash applications, the credit order default route, and default dates are set in Receivables Options. Invoices can be set to post in real time or batch posted to receivables

The default aging columns and aging term dates (used on the aged receivables report when run from the menu or during the end of day process) are configured in receivable options.

Your company's credit checking policies are implemented in receivables options. The system allows you to check for credit policy violations during sales order entry and shipping. It also controls whether you need to check for customers that are delinquent, over credit limit, or both, and allows you to warn the user of a credit policy violation or prevent the order from being released to shipping papers without the proper approvals in Release Credit Holds.

The following command options exist:

• Change – Make changes based on the fields described in Receivable Options.
• Message – Select to enter your statement messages and statement form types.
• Form – Use to set the bill of lading, invoice, order, and warehouse release format (preprinted) or base on layout of the forms. Forms can be accessed from many places--see forms management.

Use the Available Actions links below for more information.

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