Difference between revisions of "How do I deal with credit charges?"

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== Accounts Settings ==
 
== Accounts Settings ==
 
We need to enter a {{DataValue|Profit and Loss}} centre and a {{DataValue|Sales centre}} to allow the system to accrue and account for the charges automatically.
 
We need to enter a {{DataValue|Profit and Loss}} centre and a {{DataValue|Sales centre}} to allow the system to accrue and account for the charges automatically.
* At the {{DataPrompt|Profit and Loss}}, enter your credit charge {{DataValue|Profit and loss}} nominal centre code for the charges. If you don't already have one then create a new [[How do I Create a Nominal Code?|centre]].
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* At the {{DataPrompt|Profit and Loss}}, enter your credit charge {{DataValue|Profit and loss}} nominal centre code for the charges. If you don't already have one then create a new [[How do I create a nominal code?|centre]].
 
* At the {{DataPrompt|Sales centre:}}, enter the {{DataValue|Sales Centre}} number for the charges. If you don't already have one, create a [[How do I Create a Sales or Purchase Centre?|centre]].
 
* At the {{DataPrompt|Sales centre:}}, enter the {{DataValue|Sales Centre}} number for the charges. If you don't already have one, create a [[How do I Create a Sales or Purchase Centre?|centre]].
  

Revision as of 06:29, 8 January 2019

Summary

This article will explain how Platinum can be configured to apply credit charges automatically to invoices. These charges can be configured for individual customers and systems or set as a system default for all customers.

Enabling Credit Charges

Go to " Reports & Settings Maintenance Options System Administrator Platinum Settings Credit Charge Settings".

  • For credit charges to apply you will need to set the "Credit charges" to 'Y'.
  • Changing this setting will enable credit charges and add a [Credit charges] tab to every Sales Ledger Account.

How Charges will be Applied

There are two ways that charges can be applied.

  • To apply charges to all customers at the same rate, set the "Default" to 'System'.
  • To apply charges differently to each customer, set the "Default" to 'No'.

Accounts Settings

We need to enter a 'Profit and Loss' centre and a 'Sales centre' to allow the system to accrue and account for the charges automatically.

  • At the "Profit and Loss", enter your credit charge 'Profit and loss' nominal centre code for the charges. If you don't already have one then create a new centre.
  • At the "Sales centre:", enter the 'Sales Centre' number for the charges. If you don't already have one, create a centre.

Platinum Modules

There is a section for each Module of Platinum.

  • 'SL " Sales Ledger"'
  • 'SO " Sales Ordering"'
  • 'ST " Stock Control"' This will apply to " Point of Sale"and" Invoicing & Customer Orders".
  • 'VS " Vehicle Sales"'
  • 'WS " Workshop Management"'

Settings for Each Module

These settings are the same in the Credit Charge Settings as they are against a Customer record.
  • To turn the Charge on for a Module, change "Charge" to 'Y'
  • At the "% Charge", enter the percentage you want to charge.
  • At the "Gross/Nett", set this to how you want the Charge applied either to the 'Nett' value of the invoice or to the 'Gross' value of the invoice.
  • At the "Period", set the period after which you want the charge to apply. This can be either Days, Weeks or Month End and this will be set in the "Increments" setting.
  • At the "Increments", choose between 'Days', 'Months' or 'Month End'.
  • At the "Recurring", set this to 'No' if you only want the charge to be applied once or to 'Yes' if you want the charge to be applied on a recurring basis. If set to 'Yes', then this will use the settings that you set in "Period" and "Increment" to decide when the charge will be applied next.
  • At "Interest", you can choose 'Simple' which will calculate the recurring interest on the original value of the invoice, or 'Compound' which will calculate the recurring interest on the original value plus the unpaid credit charges.
You may need to have your document formats changed so that they will show the charges. Please Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page

See also


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Keywords AND Misspellings
credit, charge, charges, credit charges