Specifications

Chapter 4. Accounts Receivable

92 Dim11

List my tax codes here.

Tax

Code #

Class Tax Description Tax %

1 Retail 6.25% State Sales Tax 6.25

2 Level I contractors Resale (requires exemption

certificate)

3 Government No need to explain 0

4 Wholesale only Resale (requires exemption

certification)

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CREDIT LIMITS/TYPES

Each charge customer should have an established credit limit. If you have not

implemented a credit limit policy in the past, now is the time to start. Credit

management is an integral part of A/R management. Credit limits are entered as

whole dollars up to $9,999,999. For example,

1000 or 5000 (do not use commas). If

a customer exceeds their credit limit at POS, a message is displayed on the screen

and the transaction cannot continue until the situation is fixed (either by

obtaining a credit limit release code from the system manager or credit manager

or by changing the transaction to a cash transaction instead of charge).

If a customer has no credit, make the credit limit=

1 (for $1.00).

CAUTION: If you do not specify an amount for a credit limit, the computer interprets that as unlimited

credit. Be sure to be thorough when assigning credit limits.

In conjunction with a credit limit, each customer is also assigned a credit limit

type. The credit limit type indicates what balances to use when calculating the

available credit.