Activating/inactivating credit term

This page allows you to activate or inactivate the credit term. The credit term after inactivating cannot be mapped to a customer afresh. However, already mapped credit terms would continue to get used for credit check.

You can also view the credit term details like the order limit set, the credit bucket limit set and the receivable details. The system updates the status of the credit term to “Active” on activating and “Inactive” on inactivating. The system saves the login ID of the user and the system date along with the modification details. The system also displays the creation details of the credit term.

Select the “Activate/Inactivate Credit Term” link available in the “Select Credit Term” page.

The “Activate/Inactivate Credit Term” page appears.

The system displays the following fields:

Credit Term Code	The code identifying the credit term.
Currency	The base currency of the company.
Status	The status of the credit term. This can be ‘Active’ or ‘Inactive’ depending on the action to be performed.
Desc.	The textual description pertaining to the credit term.
	Zoom facility available.

The system displays the following fields in the “Order Limit” group box:

Single Order Limit	The credit limit set for the single order.
Total Order Limit	The credit limit set for all the order that is, the orders that are not invoiced and due amount that are pending from the customer.

The system displays the following fields in the “Credit Bucket Limits” multiline:

Note: The system retrieves the credit buckets in “Active” status.

Credit Bucket No.	The number identifying the credit bucket. The system displays the credit bucket number sequentially.
Days From	The starting day for the credit bucket in terms of overdue days.
Days To	The ending day for the credit bucket in terms of overdue days.
Weightage %	The percentage based on which the credit rating is calculated.
Credit Limit	The credit limit for the individual credit bucket.

The system displays the following fields:

Dunning Required	Indicates whether the dunning is required for receivables from the customer.
Credit Check Action	The action to be taken during credit check, which could be “Hold” or “Ignore”.
Credit Check Level	Indicates the level at which the credit check must be carried out.
Discount Grace Days	The number of grace days provided to avail the discount.
Receivable Grace Days	The number of grace days provided for accepting the receivables from the customer.
Residual Write Off %	The percentage of the amount that can be written off and that need not be considered as receivables.
Residual Write Off Amount	The negligible amount that can be written off per transaction during adjustments.
Applicability of Residual Write Off on Over Payments	Based on the selection of the checkbox, while adjusting the Credit document with a debit document, where Credit document Amount is greater than the debit document outstanding amount and the difference is within the residual write off % / amount, then the same is written off as residual write off. If the check box is not checked the system ignores this information and proceeds without Wirte off of over receipts.

Click the “Activate” pushbutton to activate the “Inactive” credit term.

Note: The credit term must be in “Inactive” status.

The system updates the status of the credit term to “Active”.

The system saves the login ID of the user and the system date along with the modification details. The system also displays the creation details of the credit term.

Click the “Inactive” pushbutton to inactivate the “Active” credit term.

Note: The credit term must be in “Active” status.

The system updates the status of the credit term to “Inactive”.

The system saves the login ID of the user and the system date along with the modification details. The system also displays the creation details of the credit term.

The system displays the following fields:

Created By	The login ID of the user who created the credit term.
Created Date	The date on which the credit term was created.
Last Modified By	The login ID of the user who last modified the credit term.
Last Modified Date	The date on which the credit term was last modified.