Chapter 7 – Accounts Receivable Setting up Accounts Receivable
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A transaction type is a template that determines how a transaction will work.
Choose whether the transaction debits or credits the customer account.
You can link another transaction type to this one. You usually use this for discounts, as in the example.
Use the Tax check box to specify whether the transaction is subject to tax.
Select the applicable tax group from the drop down menu.
In the General Ledger Accounts frame, you set the debit and credit general ledger accounts for the transaction. You can allow agents to override these accounts.
Ageing Periods
Create your different ageing periods for your customers using this function.
You access this function via the Maintenance...Accounts Receivable...Ageing Periods menu option, or via the system tree Accounts Receivable...Maintenance...Ageing Periods function:
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• Setting up Accounts Receivable
Chapter 7 – Accounts Receivable
You need to set your Ageing Periods in the Accounts Receivable Defaults by selecting a default customerageing period.