File Debtor Account

You can establish on-time (prompt) payment or overdue (late) payment percentages for debtors. Micronet calculates and displays on-time discounts during the Debtors Payment process (refer to "Debtors Transaction Processing - Debtor Payments"). To apply overdue interest charges, refer to "Debtors Transaction Processing - Post Interest Charges".

To establish percentage charges for a debtor:

Micronet displays the Debtor File Update screen - Account tab.

	Field	Value
	On Time Discount%	Enter the percentage discount that applies to this debtor if their payment is received on-time.
	Settlement Terms	Enter the terms (in days from invoice date) from which a prompt payment discount would be calculated. This may be different to their trading terms.
	From	Select either From End Of Month or Invoice (date) that the terms entered above would apply to.
	Overdue%	Enter the percentage that applies on overdue amounts if a payment from this debtor is late.
	Currency	Enter the default exchange rate table setting for this debtor. This field is only activated if the Use Multi Currency Debtors field on the Debtors Configuration screen is set to Yes (refer to "Edit - Program - Debtors").
	Date Opened	If required, enter or select the date that this customer's account was opened.

Optionally, update orders held on file for this customer by selecting EDIT | UPDATE ORDERS.