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Account Status: The status of this account. You can define additional account statuses in the Receivables QuickCodes window by selecting the QuickCode Type 'Account Status.'

Credit Limit: The total amount of credit in this currency to give to customers to whom you assign this profile class.

Credit Rating: The credit rating for this customer. You can define additional credit rating names in the Receivables QuickCodes window by selecting the QuickCode Type 'Credit rating for customers.'

Currency: The currency for which you want to define amount limits. You define currencies in the Currencies window.

Finance Charges Interest Rate (%): The interest rate to charge customers to whom you have assigned this profile class for this currency. Finance charges are calculated on statements and dunning letters.

Maximum Interest Per Invoice: If the amount of interest that the system calculates for a past due debit item in this currency is greater than the amount that you enter here, the system charges this amount.

Minimum Customer Balance for Finance Charges: If the customer balance of past due items in this currency is less than the minimum amount that you specify here, Receivables does not assess finance charges when you submit dunning letters or statements for this customer.

Minimum Invoice Balance for Finance Charges: If the balance of a past due invoice in this currency is less than the minimum invoice amount that you specify here, Receivables does not assess finance charges on this item when you submit dunning letters or statements for this customer.

Minimum Receipt Amount: The system will not generate automatic receipts in this currency that are less than this amount. You can also define a minimum receipt amount for a payment method. Receivables will use the larger of the two minimum receipt amounts when creating automatic receipts.

Minimum Statement Amount: The minimum outstanding balance in this currency that customers to whom you assign this profile class must exceed in order for Receivables to generate a statement. For example, if you enter 100 in U.S. dollars, Receivables does not generate a statement if this customer's outstanding balance is less than or equal to 100 USD. The default minimum statement amount is 0.

Minimum Dunning Amount: If a customer has a past due balance in this currency that is greater than the minimum dunning amount specified for this currency, Receivables selects this customer for dunning. The dunning letter that is selected when you choose to print sample or actual dunning letters does not include past due debit items in currencies with minimum dunning amounts that have not been exceeded.

Minimum Dunning Invoice Amount: Customers do not receive dunning letters if the amount that you enter here is greater than the balance of each of their past due items in this currency.

Percent Collectable: The percentage amount of this customer's account balance that you expect to collect regularly.

Risk Code: The credit risk code for your customer. You can define additional risk codes in the Receivables QuickCodes window by selecting the QuickCode Type 'Customer credit risk.'

See Also