Credit terms (customer account)

Find this screen

Open: Sales Ledger > Sales Accounts > New Customer

Open: Sales Ledger > Sales Accounts > Amend Customer

• Use the Credit tab to enter credit reference information for the customer.

Credit Review

Use this to keep a record of the dates when the customer applies for credit, and when their credit status is reviewed.

These dates are used for your information only.

Credit Terms

Check a customer's credit status

You can check the credit status of a customer with a credit bureau (credit reference agency).

1. Select the Credit bureau for the credit check.

2. Enter the Credit reference for this customer.

3. To check the customer on the credit agency's website, select the link button next to the Credit reference.

   Note: The link button will only be displayed if you select both a Credit bureau and Credit reference.

4. If a customer's credit status has changed, you can set their Credit position.

Trading terms

If you want to display your trading terms on invoices, statements and other documents, enter the text in Trading terms.

Average time to pay

The Average time to pay is calculated automatically, and shows the average time (in days) that a customer needs to pay their invoices.

Note: This only applies to open item For open item accounts, all outstanding transactions remain visible on the account record, until they are allocated. When the Account Maintenance option is run, fully allocated transactions are archived or removed. All outstanding amounts, whether they are part allocated payments, disputed transactions or unpaid or part-paid invoices, remain on the ledger from one period to another. accounts.

Terms agreed

Select Terms agreed if all the credit terms have been agreed with the customer.

If Terms agreed is not selected, then you'll see a message each time you enter a transaction for this customer.

Memo

Use the Memo to add any notes about this customer's credit position.