Setting Up General Layaway Preferences
On the General tab of the Sales Layaway Preferences window, you can set limits on the minimum and maximum sale amounts, the maximum term for a layaway, the default payment schedule, and the General Ledger liability account used for layaways. This window also displays the last layaway number used.
To set the general terms of Layaway transactions:
1 In the Sales module, select Options > Set Up Layaway Preferences from the left navigation pane. The Layaway Preferences window will open.
Click thumbnail for larger view of image.
2 Specify the minimum and maximum amounts allowed for a layaway.
3 Enter the maximum layaway term and choose how often payments are due.
4 After you define all the options on this tab, go to the Payments tab.
Select the Help button in the software for information specific to the options in this window.
Published date: 11/22/2021