Setting Up House Account Defaults

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Revision as of 08:50, 19 August 2010 (edit) MercTechUAdmin (Talk | contribs) (New page: This is a placeholder.) ← Previous diff		Current revision (10:22, 31 August 2010) (edit) (undo) MercTechUAdmin (Talk | contribs)
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-	This is a placeholder.	+	'''This information applies to FTD Mercury X2 Fall and later versions.'''
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		+	'''To set up house account defaults:'''
		+	#In '''Mercury Administration''', access the '''HouseAccount''' screen.
		+	#In the '''Credit Limit''' field, enter a default maximum dollar amount of credit allowed for your customers.
		+	#From the '''Billing Cycle''' list, select the default billing cycle for your customers with house accounts.
		+	#From the '''Default Payment''' list, select your preferred payment method for house accounts.
		+	#In the '''Annual Finance Charge''' field, enter the default percentage at which you want to apply finance charges to customer accounts. Finance charges are applied per billing cycle.
		+	#In the '''Minimum Finance Charge''' field, enter a dollar amount that you want to charge as a minimum finance charge for overdue accounts. FTD Mercury selects either this amount or the monthly calculated amount using the '''Annual Finance Charge Percentage''', whichever is greater.
		+	#From the '''Finance Grace Period''' list, select the default number of days you want to wait before assessing finance charges.
		+	#From the '''Finance Cycle''' list, select the cycle at which you want to assess finance charges.
		+	#In the '''Terms on Account''' field, type any additional text you want to be printed on customer statements.
		+	#In the '''Finance Charge Calculation''' area, select whether you want to exclude past due finance charges when calculating additional finance charges.
		+	#Select whether, by default, house accounts will be created using '''Balance Forward Accounting''' or '''Open Item Accounting'''.
		+	#Set the defaults for statements, including whether you want to print, fax, and/or email statements, and whether you want to print dunning messages on statements for house accounts.
		+	#In the '''Received Payment Allocation Method''' area, select whether you want to allocate payments only to invoices in the store where payment is received, or to invoices across all stores.
		+	#Click '''Apply''' to save the information before exiting this screen.

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Current revision

This information applies to FTD Mercury X2 Fall and later versions.

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To set up house account defaults:

1. In Mercury Administration, access the HouseAccount screen.
2. In the Credit Limit field, enter a default maximum dollar amount of credit allowed for your customers.
3. From the Billing Cycle list, select the default billing cycle for your customers with house accounts.
4. From the Default Payment list, select your preferred payment method for house accounts.
5. In the Annual Finance Charge field, enter the default percentage at which you want to apply finance charges to customer accounts. Finance charges are applied per billing cycle.
6. In the Minimum Finance Charge field, enter a dollar amount that you want to charge as a minimum finance charge for overdue accounts. FTD Mercury selects either this amount or the monthly calculated amount using the Annual Finance Charge Percentage, whichever is greater.
7. From the Finance Grace Period list, select the default number of days you want to wait before assessing finance charges.
8. From the Finance Cycle list, select the cycle at which you want to assess finance charges.
9. In the Terms on Account field, type any additional text you want to be printed on customer statements.
10. In the Finance Charge Calculation area, select whether you want to exclude past due finance charges when calculating additional finance charges.
11. Select whether, by default, house accounts will be created using Balance Forward Accounting or Open Item Accounting.
12. Set the defaults for statements, including whether you want to print, fax, and/or email statements, and whether you want to print dunning messages on statements for house accounts.
13. In the Received Payment Allocation Method area, select whether you want to allocate payments only to invoices in the store where payment is received, or to invoices across all stores.
14. Click Apply to save the information before exiting this screen.