This chapter contains these topics:
To set up information for credit and collection management
To update A/R information for credit and collection management
To determine the average number of days a customer is late in paying invoices
To locate summarized information about the status of an account
To review and work customer accounts for credit management
To create credit reporting tapes
To review and work past-due accounts for collection management
To print credit and collections reports
Effective management of credit and collections information is fundamental to an Accounts Receivable department. The JD Edwards World Accounts Receivable system offers a variety of features to help manage your receivables. You can set up and define information to meet the specific needs of your business.
Credit and collections management consists of:
Setting up credit and collection information
Updating A/R information for customer analysis
Determining average days late
Reviewing account status information
Managing credit information
Creating credit reporting tapes
Managing collections information
Printing credit and collections reports
The following lists the various ways to effectively manage your credit and collections information.
| Credit information | Collections information |
|---|---|
When managing credit information, you can access a variety customer information from a centralized online location. For example, you can:
You can also:
Create magnetic tapes of A/R information about customers to send to credit agencies |
When managing collections information, you can:
Review online payment reminder and collection information |