You can set default credit terms for all customers (To set default credit terms for all new customers) or for each customer individually (To set or change credit terms for a single customer).
After you set up credit terms, discounts based on the terms are automatically calculated when you enter sales. (You can change the terms and discount amounts for individual sales, if you need to.)
Similarly, after you set up credit terms, finance charges based on those terms are automatically calculated beginning the day after a transaction's balance due date. Your customers' finance charges can be printed on their monthly statements, if you want.
Idea: You can set up credit terms for all new customers and vendors
Credit hold
You can place a customer on credit hold if the currently past due amount reaches a certain amount, even thought the amount may not exceed the credit limit. If you do this, an alert message will appear when you begin to enter an invoice for that customer.
You can remove the hold and proceed with the sale only if you have access to the Credit Limit and Hold window. (Creating and using user IDs)
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