Summary
In this module, you have learned that Accounts receivable in Dynamics 365 Finance offers many advanced options, including:
- Extensive options for credit assessment and credit control
- Flexible terms of payment and cash discount
You can give each customer a unique credit limit. Apply the credit limits to only customer balances or to include uninvoiced, delivered items, or even sales orders.
You can decide whether the credit limit applies on the total of the sales order or if you need to control each sales order line separately. You can set up the system to stop delivery when you reach the credit limit or set up an automatic warning that you can overrule. Additionally, you can stop the customer account automatically at any step during the collection procedure.
Accounts receivable offers extensive options for editing open transactions, reopening closed transactions, and entering renegotiated payment schedules directly into the system. You can view the customer invoice and print a copy of it directly from the customer account.