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Consignment Stock Payments - Debtors window

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  • Created by Former user, last modified by Former user on Feb 25, 2017
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Consignment payments can be credited to the stock owner's debtor account.
Use the Consignment Stock Payments - Debtors window to specify whether to process debtors and which fee code to use.

 Opening the Consignment Stock Payments - Debtors window

To open the Debtors window:

  1. First, make your selections in the Consignment Stock Payments - Selections window. See Consignment Stock Payments - Selections window.
    The Consignment Stock Payments - Selections window is displayed.
  2. Click .
    The Consignment Stock Payments - Debtors window is displayed.
  3. Type in your selections.
  4. Click .
    The Consignment Stock Payments - Creditors window is displayed. See Consignment Stock Payments - Creditors window.
    Tip: You can click  to edit the Consignment Stock Payments - Selections window. See Consignment Stock Payments - Selections window.


Consignment Stock Payments - Debtors window - key fields

Field

Description

Process Debtors

Select to process debtors.

Allow Debtors to go into Credit

Select the field to allow debtors to go into credit. This credit will subsequently be taken up by the debtor at a later date. For example, a parent (debtor) might be selling a second-hand uniform on consignment. Any money from the sale can be credited to the debtor's account which might already be fully paid up. When the debtor next receives a bill for their tuition fees, the credit is netted off the total owed.
Clear the field to prevent the debtor from going into credit. If you are paying for consignment stock through the debtors system, and the debtor's outstanding balance is less than the amount you are paying, a cheque is issued for the difference. For example, if the debtor's balance is $50 and the consignment payment is $150, $50 is allocated to the debtor account and a cheque is issued for $100.

Fee Code

Fee code to be used for the payments to creditors.

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