DEFAULT INFORMATION

After all that procedure which we discussed above; we go to maintain and select the option default information and click on the customer option like that:

When we click on the customer option following window will appear

When the above window will appear we select the option payment term and in payment term following things will appear:

Cash of delivery:

Prepaid

Due in number of days

Due on days of next month

Due at end of the month

And in the set default terms for sale, and set default for credit limit include the following items:

Net due in

Discount in

Discount%

Credit limit

In the above following terms we described that we pay the discount in 30 days. The discount percentage is2%.and our credit limit is $ 2500.00

After that we make a GL SALES ACCOUNT like that:

ACCOUNT AGING:

In account aging two sub types are there:

1: age invoices by

2: aging categories

In age invoices two terms are included:

1: invoice date

2: due date

Invoice date is written on the document at your own desire. Due date is the last date which is written on the document by the company. But we selected a due date like as:

The second type is aging categories, it include the two heads, no. of days and column heading. If 1 column includes 30 days it means column heading has 0-30, and in aging category 4 columns include.

CUSTOMER FIELDS:

In customer field, fields labels and enables heads are involved, in fields label second contact, references, mailing list and multiple sites are included. If we enter a second contact in the customer prospectus it is automatically shifted in default information in customer field tab. Like as:

And

FINANCE CHARGES:

In finance charges we charge charges on finance document. It includes the following items:

On invoices

Annual interest rate

On balance above that

Minimum finance charges

In charge interest on finance charges include the FINANCE CHARGE GL ACCOUNT:

PAYMENT METHOD:

In payment method we add up a top ten method which we accept a business. And in this method we mention that we pay the payment on cash or on the check visa and on a master card. Like as:

And in payment method we select the deposit ticket and select the option “IN SELECT FOR DEPOSIT”.