Setup Requirements for Anticipation Credit

Following are the control maintenance records and authorization keys used for anticipation credit, along with additional setup requirements.

Control Maintenance Records

Set the following control maintenance records:

• Apply Batch Cash Exceeded Amount Against Invoice

• C/R Anticipation Credit Invoice Product

• Create Anticipation Credit Invoice From C/R

• Terms Code To Exclude From Anticipation Credit Eligibility

Authorization Keys

Assign the following authorization key:

• CR.ANTICIPATION.CREDIT

Additional Setup

Before you can use anticipation credit, you also need to:

• Create a miscellaneous charge product. The system uses this product to determine the anticipation credit percentage. You must assign this product to the C/R Anticipation Credit Invoice Product control maintenance record. Fore more information, see Product Maintenance Overview.

• Override the customer's branch settings, if needed. You might do this if the customer is assigned to a home branch, but you want to apply anticipation credit at a different branch. For more information, see Customer Maintenance.

• Then, activate anticipation credit.

See Also:

Anticipation Credit Overview

Setup Requirements for Accounts Receivable