If Customers provide information from their bank or farm credit associations, Credit Lines may be established on the Customer file. To select the Credit Lines, they must first be established at Setup / A/R / Credit Line.
Setup
Enter the name of the credit line then double-click Dept ID to select the Inventory Department associated with the line of credit. Specify the Starting and Ending dates for the line of credit. If a prior year’s database is to be included in the line of credit calculations, select it in Last Year’s Database.
On the Customer's Credit tab, check the Credit Line option, then select the Credit Line from the drop-down. Enter the Credit Line Amount $ (limit) and Save.
Process
Invoice amounts for Products tied to a Credit Line are tracked. A warning message displays once the Customer has met the limit indicated on the Credit tab of the Customer profile.
Use the Current Credit Line Status report (Accounting Reports / Accounts Receivable / Credit Reports) to track where Customers stand within their line limit.
