Using Collection Status Codes
You can set up Collection Status Codes if you want to track the collection status of your customers. Once you define the Codes, you can attach them to customers in the AR Customers window by selecting the Code from the Collection Status field Lookup on the Credit/Collection tab.
To create Collection Status Codes:
1 In Accounts Receivable, select Options > Set Up Collection Status Codes from the left navigation pane.
Click thumbnail for larger view of image.
2 Enter a Code of up to six characters in the Collection Status Code field.
For example, you could type FINAL for customers who were sent their final collection notice.
3 Enter a description of up to 50 characters for this Code in the Description field.
4 Save the Code.
Published date: 12/31/2020