Introduction: Credit Status Maint (12-23)
Overview
This selection is used to create two character Credit Status codes, which are used in Master File Maint (12-20, Field 14) to describe the type of credit that the customer has with your company.
Examples of Credit Statuses include:
- AV – Average
- CD – Cash on Delivery
- EX – Excellent
- GD – Good
- RV – Revoked
Special Notes
- The following credit statuses are reserved and should not be used for anything other than the designated description:
- CS – Credit Suspended
- H – Credit Hold
- WO – Write Off Account
- The Credit Status selections in A/R Installment (13-23), A/R Revolving (14-23) and Rental (22-23) also use the list of Credit Statuses created in this selection (they all run the same program)
- RDB Reports can be sorted by Credit Type
- Credit Status is used in Cash Receipts when making a payment
- Setting up a code to designate that an account has been sent for collections can be useful