Adding AR Codes
Because you must assign each customer account an AR Code, you need to set up at least one AR Code before you set up any of your customers. You can add or edit these codes after you create your customer accounts, but you can only remove an AR Code from a customer account if it has a $0 balance.
If you are using Interface Codes, some options will not appear.
To add new AR Codes:
1 In Accounts Receivable, select Options > Define Aging Periods and Posting from the left navigation pane.
Click thumbnail for larger view of image.
2 In the AR Code field, type an AR Code to represent the customer group and General Ledger account number.
You can use any combination of letters, numbers, or special characters and it can be up to six characters. If you use Interface Codes, do not duplicate your Cash Key from Point of Sale or Order Entry Preferences. Refer to Interface Codes in Sales for information.
3 If all or most of the customers associated with this AR Code have the same Terms Code, enter it in the Terms Code field.
When you create customer accounts with this AR Code, the Terms Code on the customer account defaults to your entry here. You can override the Terms Code with a different code or no code for customers to which it does not apply. You can also apply Terms Codes to individual transactions in Accounts Receivable transaction entry.
4 In the AR Code Desc field, give this code a meaningful description.
5 In the GL Account field, enter the GL Account number that you will use as the Accounts Receivable control account.
7 Enter your aging period lengths. The aging period determines whether an account is current or past due.
8 Save the code.
Repeat the necessary steps until you have as many AR Codes as you need. The Date Last Purged or the Period End Date fields are automatically updated by the system and are informational only.
Published date: 12/31/2020