Setting up 1^st time Customer: No Terms

Allowed Payment Methods: Cash, Check, Credit Card

Discount: None

Due: Due on Receipt

Grace Period: 30 Days after invoice

Grace Period setting affects the finance charge calculation by calculating the finance charge from the grace period date rather than the due date.

Monthly Finance Charge Rate:1.50%

Minimum Finance Charge; $1.00

Delinquency Reason: Per Customer

Delinquency Reason can be used to identify customers with poor payment records. The user should enter in any user defined text as the delinquency reason. This setting will show on the accounts payable aging reports.

Credit Limit: $0.00

For Customers that get Terms

Allowed Payment Methods: (All Selected) Cash, Check, Credit Card, Charge,

Default as Charge-(to make charge the standard terms for this customer)

Discount: 1% paid in 10 days

Due: Due in (15) Days

Grace Period: 30 Days after Invoice

Monthly Finance Charge Rate: 1.50%

Minimum Finance Charge. $1.00

Delinquency Reason:

Delinquency Reason can be used to identify customers with poor payment records. The user should enter in any user defined text as the delinquency reason. This setting will show on the accounts payable aging reports.

Credit Limit: Per Customer