Previous	Next		Contents	Index	Navigation	Glossary	Library

You assign default sales credits by specifying a primary salesperson when entering your transactions. You only need to enter or update sales credit information to give sales credit to more than one salesperson and to distribute credit across your invoice lines. If each invoice line has different sales credit, you can enter line-level sales credits.

You can update sales credits before or after posting to your general ledger. If you have already posted to your general ledger, Receivables creates the adjusting entries in the first open accounting period.

If you modify a transaction's default salesperson, then either save your work or choose the Sales Credits button, Receivables asks if you want to rerun AutoAccounting to recalculate your receivable and freight accounts. If you choose Yes, Receivables reruns AutoAccounting and makes the appropriate changes to your accounts; otherwise, Receivables saves the changes to the sales credit information, but does not rerun AutoAccounting. If there has been activity against this transaction or it has been posted to your general ledger, Receivables does not ask if you want to recalculate the accounts.

Attention: If AutoAccounting is based on sales credits and you change this information, a decision window asks if you want to redefault the accounting for this transaction. If you choose No, the links on the distributions to the old sales credit lines are broken. If you choose Yes, the account assignments and account sets for all account classes that are based on sales credits are recreated based on the new sales credits. See: Using AutoAccounting.

Prerequisites

   Define salespersons

   Define customers and assign a primary salesperson

   Enter transactions

   To enter or review sales credit information for your transaction lines:

1. Navigate to the Transaction or Transactions Summary window.

2. Query the transaction.

3. If you are in the Transaction window, select the transaction, then go to step 4.

If you are in the Summary window, select the transaction, then choose Open.

4. To update sales credits for this transaction, choose Sales Credits.

To enter different sales credits for each invoice line or for all invoice lines, choose Line Items, then choose Sales Credits.

5. To update sales credits for an invoice line, open the For This Line alternative region, then enter the Revenue or Other Credit percentage or Amount.

To update sales credits for all invoice lines, open the For All Lines alternative region, then enter the Revenue Credit or Other Credit percentage or Amount for each salesperson.

To split sales credit with another salesperson, open the Default alternative region, then perform the following:

a. Update the sales credit Amount or percent for the primary salesperson, then choose New Record.

b. Enter the Name of the new salesperson and the percentage of sales credit they will receive.

6. If you made any changes, save your work.

See Also

Entering Freight Information

Entering Tax Information