Validation of Credit Terms

This page explains how the credit terms are validated when you click Validate Customer or Validate Vendor on the account record when the Multiple Companies Configuration feature is enabled, meaning that the Use Multiple Companies Configuration field in the Accounting Settings custom setting is selected. This depends on the following:

The validation process checks that the Base Date 1-4, Days Offset 1-4, Description 1-4, and Discount 1-4 fields are populated on the following records:

  • Multiple companies account config
  • Account

The validation process considers the records following the order above.

Validation of Credit Terms in a Vendor Account

The table below explains how the credit terms are validated when you click Validate Vendor on a vendor account record.

The "Multi-Account Credit Terms Record Is Correctly Populated" column refers to the scenario when the following fields are populated on the multi-account credit terms record:

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

The "Multi-Account Credit Terms Record Is Not Populated" column refers to the scenario when none of the fields above are populated on the multi-account credit terms record.

The "Multi-Account Credit Terms Record Is Incorrectly Populated" column refers to the scenario when one of the fields mentioned above are populated on the multi-account credit terms record.

Note:

Base Date 2-4, Days Offset 2-4, Description 2-4, and Discount 2-4 are validated in the same way as Base Date 1-4 and Days Offset 1-4 are validated in customer accounts. For more information, see Validation of Credit Terms in a Customer Account.

Credit Terms Validation in a Vendor Account
Multiple Companies Account Config Record Exists Multi-Account Credit Terms Field Is Populated on Multiple Companies Account Config Record Multi-Account Credit Terms Record Is Not Populated Multi-Account Credit Terms Record Is Correctly Populated Credit Terms Are Validated
Yes Yes N/A Yes Yes
Yes Yes N/A No No. You receive an error because all the fields must be populated.
Yes Yes Yes N/A

The credit terms defined on the account record are checked instead.

Note:

If the Foundations Credit Terms Feature Console feature is enabled, the credit terms defined on the related Foundations Credit Terms object record are checked instead of the account credit terms.
Yes No N/A N/A
No N/A N/A N/A

Validation of Credit Terms in a Customer Account

The table below explains how the credit terms are validated when you click Validate Customer on a customer account record.

The "Multi-Account Credit Terms Record Is Correctly Populated" column refers to the scenario when the following fields are populated on the multi-account credit terms record:

  • Base Date 1-4
  • Days Offset 1-4

The "Multi-Account Credit Terms Record Is Not Populated" column refers to the scenario when none of the fields above are populated on the multi-account credit terms record.

The "Multi-Account Credit Terms Record Is Incorrectly Populated" column refers to the scenario when Days Offset 1-4 or Discount 1-4 are populated on the credit terms record but Base Date 1-4 is not.

Credit Terms Validation in a Customer Account
Multiple Companies Account Config Record Exists Multi-Account Credit Terms Field Is Populated on Multiple Companies Account Config Record Multi-Account Credit Terms Record Is Not Populated Multi-Account Credit Terms Record Is Correctly Populated Multi-Account Credit Terms Record Is Incorrectly Populated Credit Terms Are Validated
Yes Yes N/A Yes N/A Yes
Yes Yes N/A N/A Yes No. You receive an error because Base 1-4 must be populated if Days Offset 1-4 or Discount 1-4 are populated.
Yes Yes Yes N/A N/A

The credit terms defined on the account record are checked instead.

Note:

If the Foundations Credit Terms Feature Console feature is enabled, the credit terms defined on the related Foundations Credit Terms object record are checked instead of the account credit terms.
Yes No N/A N/A N/A
No N/A N/A N/A N/A