A/R Credit
Code Maintenance A/R Credit
Code MaintenanceUse this program to set thresholds for determining whether a customer should be put on credit hold. Credit codes are applied to customer master records using the Customer Master Maintenance program, and the NIGHTLY program checks for customers who exceed their credit code thresholds and puts them on hold.
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Access this screen by entering a credit code on the A/R Credit Code Maintenance - Launch screen and pressing Enter. On this screen, enter a description of the code, and then enter the appropriate thresholds for putting a customer on credit hold. One threshold checks the customer's credit limit, and the remaining thresholds check for invoices that are 30, 60, 90, or 120 days past due.
A/R Credit Code Maintenance - Launch
A/R Credit Code Maintenance - Copy
A/R Credit Code Maintenance
Displays the A/R credit code you are maintaining.
Displays the currency of the company for which you are setting up the credit code.
Enter a brief description of the A/R credit code or of the customers to whom it will be assigned.
Credit Limit Amount/Percentage
Indicate whether the value in the Credit Limit Check Value field will be a monetary amount ($) or a percentage (%). For example, if you enter %, and then enter 110 in the Credit Limit Check Value field, that means a customer with this credit code can use 110% of their credit limit before they go on hold.
If a Threshold amount is also entered, that means the customer can use either a specified percentage of their credit limit or up to the threshold amount over their credit limit (whichever is lowest) before they go on hold.
Example: A customer has a
credit limit of $20,000. According to their credit code, they can
charge up to 110% of their credit limit, which is $22,000; or they can
charge up to $22,500 (the Threshold $), which is $2,500 over their credit
limit. Since $22,000 is less than $22,500, they can only charge
up to $22,000 before going on credit hold.
Enter the amount or the percentage (based on your entry in the Credit Limit Amount/Percentage field) of the customer's credit limit that can be used before the customer goes on hold. If you entered a value in the Credit Limit Amount/Percentage field, you must enter a value in this field.
Optionally, enter the maximum amount the customer can charge before they go on hold. If an amount is entered in the Credit Limit Check Value field and in this field, the customer is put on hold once they reach the lesser of the two amounts.
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30 Day Limit Amount/Percentage
Indicate whether the value in the 30 Day Limit Check Value field will be a monetary amount ($) or a percentage (%). For example, if you enter %, and then enter 80 in the 30 Day Limit Check Value field, that means a customer with 80% or more of their outstanding A/R balance overdue between 30 and 59 days will go on hold.
If a Threshold amount is also entered, that means the customer can have that amount of their outstanding A/R balance overdue between 30 and 59 days or the specified percentage (whichever is lowest) before they go on hold.
Example: A customer has an
outstanding A/R balance of $7,500. According to their credit code,
they can have up to $6,000 (80%) of their outstanding A/R balance be overdue
between 30 and 59 days; or they can have $5,000 (threshold amount) of
their outstanding A/R balance be overdue between 30 and 59 days before
going on credit hold. Since $5,000 is less than $6,000, they can
only have $5,000 overdue between 30 and 59 days before going on credit
hold.
Enter the amount or the percentage (based on your entry in the 30 Day Limit Amount/Percentage field) of their 30 to 59 days overdue A/R balance a customer can have before they go on hold. If you entered a value in the 30 Day Limit Amount/Percentage field, you must enter a value in this field.
Optionally, enter the maximum amount the customer can have as their 30 to 59 days overdue A/R balance before they go on hold. If an amount is entered in the 30 Day Limit Check Value field and in this field, the customer is put on hold once they reach the lesser of the two amounts.
60 Day Limit Amount/Percentage
Indicate whether the value in the 60 Day Limit Check Value field will be a monetary amount ($) or a percentage (%). For example, if you enter %, and then enter 75 in the 60 Day Limit Check Value field, that means a customer with 75% or more of their outstanding A/R balance overdue between 60 and 89 days will go on hold.
If a Threshold amount is also entered, that means the customer can have that amount of their outstanding A/R balance overdue between 60 and 89 days or the specified percentage (whichever is lowest) before they go on hold.
Enter the amount or the percentage (based on your entry in the 60 Day Limit Amount/Percentage field) of their 60 to 89 days overdue A/R balance a customer can have before they go on hold. If you entered a value in the 60 Day Limit Amount/Percentage field, you must enter a value in this field.
Optionally, enter the maximum amount the customer can have as their 60 to 89 days overdue A/R balance before they go on hold. If an amount is entered in the 60 Day Limit Check Value field and in this field, the customer is put on hold once they reach the lesser of the two amounts.
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90 Day Limit Amount/Percentage
Indicate whether the value in the 90 Day Limit Check Value field will be a monetary amount ($) or a percentage (%). For example, if you enter %, and then enter 75 in the 90 Day Limit Check Value field, that means a customer with 75% or more of their outstanding A/R balance overdue between 90 and 119 days will go on hold.
If a Threshold amount is also entered, that means the customer can have that amount of their outstanding A/R balance overdue between 90 and 119 days or the specified percentage (whichever is lowest) before they go on hold.
Enter the amount or the percentage (based on your entry in the 90 Day Limit Amount/Percentage field) of their 90 to 119 days overdue A/R balance a customer can have before they go on hold. If you entered a value in the 90 Day Limit Amount/Percentage field, you must enter a value in this field.
Optionally, enter the maximum amount the customer can have as their 90 to 119 days overdue A/R balance before they go on hold. If an amount is entered in the 90 Day Limit Check Value field and in this field, the customer is put on hold once they reach the lesser of the two amounts.
120 Day Limit Amount/Percentage
Indicate whether the value in the 120 Day Limit Check Value field will be a monetary amount ($) or a percentage (%). For example, if you enter %, and then enter 75 in the 120 Day Limit Check Value field, that means a customer with 75% or more of their outstanding A/R balance overdue 120 days or more will go on hold.
If a Threshold amount is also entered, that means the customer can have that amount of their outstanding A/R balance overdue 120 days or more or the specified percentage (whichever is lowest) before they go on hold.
Enter the amount or the percentage (based on your entry in the 120 Day Limit Amount/Percentage field) of their 120 days or more overdue A/R balance a customer can have before they go on hold. If you entered a value in the 120 Day Limit Amount/Percentage field, you must enter a value in this field.
Optionally, enter the maximum amount the customer can have as their 120 days or more overdue A/R balance before they go on hold. If an amount is entered in the 120 Day Limit Check Value field and in this field, the customer is put on hold once they reach the lesser of the two amounts.
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Function Key |
Description |
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F1 |
Help. Place your cursor in a field and press F1 to access online help for that field. Place your cursor outside of any field, and press F1 to access online help at the program level. |
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F3 |
Exit. Exit the page or program. |
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F4 |
Search. Place your cursor in a searchable field and press F4 to access a lookup window or more advanced search screen. |
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F6 |
Add. Switch the program to ADD mode for an A/R credit code setup. |
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F10 |
Inquiry. Switch the program to INQUIRY mode. |
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F11 |
Change. Switch the program back to CHANGE mode. |
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F12 |
Cancel/Previous. Exit the program or move back a screen. |
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F21 (Shift + F9) |
Copy. Advance to the A/R Credit Code Maintenance - Copy screen to copy the setup of A/R credit codes. |
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