Using Accounting with Foundations Credit Terms

You can set up and manage credit terms within Foundations where they are available to be used by other Certinia applications.

Accounting can use the Foundations credit terms instead of its own implementation of credit terms. The advantages of this are that credit terms are maintained in one central location, and the 16 Accounting fields added to both the Account and Accounting Company objects can be removed from page layouts. The 16 fields are:

• Base Date 1-4
• Days Offset 1-4
• Description 1-4
• Discount 1-4

Updating Accounting to use Foundations credit terms is managed within the Feature Console. Feature steps automatically migrate your credit terms from Accounting to Foundations, and remove the obsolete fields listed above. For more information, see Updating Accounting to use Credit Terms in Foundations.

Tip:

• You can also use multi-account credit terms when your companies trade with the same vendor and customer accounts. For more information, see Multi-Account Credit Terms Overview.

• If the related company's credit terms are used, the credit terms are retrieved from the accounting company records and not from the Foundations company records when the following conditions are fulfilled:

  • Both the Multiple Companies Configuration feature and the Foundations credit terms are enabled.
  • Either a related multiple companies account config does not exist or has no multi-account credit terms specified.