Credit control
Credit control specifies the configuration of accounting terms and treatment levels.
- Accounting terms
- Specifies a set of credit control rules that determine when an account is
overdue.Note: An account is associated with one set of accounting terms. For example, accounts can have different credit control rules such as 7 days terms or 30 day terms.
- Treatment level
- Specifies a credit control status or level. For example, the sequence of treatment levels
used in this guide are:
- Settled—the account is up-to-date
- 1 Reminder (+1)—the account is overdue by 1 day
- 2 Reminder (+14)—the account is overdue by 14 days
- 3 Call/Warn (+21)—the account is overdue by 21 days
- 4 Final (+28)—the account is overdue by 28 days
- Suspended—services on the account have been barred