In SAP Business One, a credit account is used to track financial transactions related to customer credit. The system monitors credit limit utilisation in sales documents: Quotations, sales orders, Deliveriesreturns and outgoing invoices.
Limit monitoring
A progress bar shows the customer's credit limit utilisation. This function requires activation under "administration → System initialisation → General settings GP".
Control elements
Credit limit
- Limits the open requirements of a customer
- The system warns if the limit is exceeded
- Example: With a limit of EUR 10,000.00, a warning is issued if the limit is exceeded
Commitment limit
- Extension of the credit limit
- Contains the amount of unpresented customer cheques
- Setting in business partner master data
Core functions
terms of payment
- Definition of cash discounts
- Determination of payment deadlines
- Specifications for credit and exposure limits
Dunning
- Creation of payment reminders
- Dunning terms each Business partner
- Connection to master data
Additional functions
The credit accounts in SAP Business One offer:
- Credit accounts for different scenarios
- Settings for interest and G/L accounts
- Credit management reports
Finance in SAP Business One
The financial system in SAP Business One contains the entries that you are legally obliged to make and enriches them with ...