We have customers with multiple locations that are all setup as separate accounts. There is a “parent” account that all invoices are sent to. Each location has different contacts and the parent company wants bills with each locations name because they have checks with each location’s name and address.
Our problem is how to apply a company wide credit limit so that when it is calculated it considers all the “child” accounts also.
Thank you for any insights
Best answer by RSMGV
Thank you. I also found that an option during setup needs to be checked for Parent/Child Relationships to happen.
Thanks for the help!
+5Acumatica has 3 checkboxes for this purpose under Customer->Billing->Parent Info
Based on that, the Credit Policy is either set on the Parent Account and Shared between the Parent and Child accounts, or each Account has its own credit policy.
In the example below, ABCHOLDING has a shared credit policy of $900,000.00 and consolidated balance. So the invoices are processed against each child, but then a payment can be entered under ABCHOLDING and applied to these invoices.
Thank you. I also found that an option during setup needs to be checked for Parent/Child Relationships to happen.
Thanks for the help!
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
