Table of Contents

Setup

To setup Credit Limit

  1. Choose the Search icon, enter Credit Limit Setup, and then choose the related link.
  2. Activate the Active field.
  • If the Calculate Order Amount Period field contains a date formula, only orders that are inside the formula (workdate + date formula) will be considered for the credit limit calculation. The other orders will be ignored.
  • The Aut. block balance field specifies, when the customer has overdue balance. You can choose out of five options: Never, Entries in Period 1/2/3/4.
Note

The length of each period is determined by the Cust. Ledg. Entry Aging Type Aging Period field on the Wood Setup page. Period 1 covers the range from 0 to the value specified in this field multiplied by 1. Period 2 spans from the value of this field multiplied by 1 to the value multiplied by 2, and so on for subsequent periods. For example, this could be 0-30 days, 30-60 days, etc. These periods are displayed on the Customer Credit Limit Card and the Customer Credit Limit Analysis pages.

To setup Credit Limit Groups

Credit Limit Groups are used to group customers together. You can assign a credit limit to a group and then assign the group to multiple customers.

  1. Choose the Search icon, enter Credit Limit Groups, and then choose the related link.
  2. Fill the Code, Description and Credit Limit Customer No fields.
Note

If you activate the No Credit Check on Shipment, the system will not check the credit limit when you create a sales shipment.

To setup Credit Limit Terms

Credit Limit Terms are used to define the payment terms for the credit limit.

  1. Choose the Search icon, enter Credit Limit Terms, and then choose the related link.
  2. Fill the Code, Description, No. of Days Transaction Insured and Include Payment Terms Days fields.

To setup Credit Insurers

Credit insurers provide protection to businesses against the risk of non-payment by their customers. They cover losses arising from unpaid invoices, helping you manage credit risk and maintain cash flow stability.

  1. Choose the Search icon, enter Credit Insurers, and then choose the related link.
  2. Fill the Code, Name, Credit insurer Policy Due Date, Credit insurer Checking Amt., Percentage of Payment, Default Credit Limit Type and Default Credit Limit fields.

To setup Credit Limit Users

Credit Limit User Setup is used to assign users to the Credit Limit app and give them specific permissions.

  1. Choose the Search icon, enter Credit User Setup, and then choose the related link.
  2. Check either Creditlimit Acceptance warranted or Discard Balance Warranted.