Creditor Maintenance

This is to maintain creditor account.

Go to A/P > Creditor Maintenance

Creditor listing will be displayed.

Click on Create a New Creditor,

Control Account: choose the control account for this creditor

Creditor Type: select a creditor type (for report filtering purpose). Creditor Type is maintained at General Maintenance > Creditor Type Maintenance

Company Name: key in the company name of this creditor

Registration No.: key in the company's registration number

Creditor Account: you may the account number for this creditor; OR click on '+' sign to auto generate creditor number; the format of creditor account number is set at Tools > Options > General > Account Code Format.

Active: means this creditor is allowed for transaction.

Group Company: if this is checked, it means this creditor account is the control account of a group company; this creditor account will be allowed to be chosen as control account (appear as one of control accounts in Control Account field of this screen) for other creditors. This account will not carry any transaction/entries (just like Creditor Control account), and it functions just like a parent account.

Example: 400/0000 Creditor Control Account

400/GABB General Trading Berhad (marked as Group Company, control account is 400/0000)

400/GAB1 General Marketing S/B (control account is 400/GABB)

400/GAB2 General Production S/B (control account is 400/GABB)

400/N00A Normal creditor account A (not marked as Group Company, control account is 400/0000)

400/N00B Normal creditor account B (not marked as Group Company, control account is 400/0000)

Purchases will be made to the sub-accounts respectively, you may view statement of separate sub-accounts and the Group account (look into More Options); the Group account will appear as parent account in Balance Sheet. Group company is not the same as branch maintenance.

General tab

Billing Address: key in the address for billing purpose

Area: assign the area (for report filtering purpose). Area Code is maintained at General Maintenance > Area Maintenance

Email Address: key in email address.

Website: key in the website if this creditor (if any)

Attention: key in the name of the person to be addressed

Business Nature: key in the nature of business of this creditor

Agent: assign purchase agent (for report filtering purpose). Purchase agent is maintained at General Maintenance > Purchase Agent Maintenance

Currency: assign currency (if Multi Currency module is enabled). Currency code is maintained at General Maintenance > Currency Maintenance

Statement Type: choose either Open Item (each of the outstanding transactions will be displayed on statement report), Balance Forward (only the brought forward lump sum will be displayed according to report date), or No Statement (no statement will be issued to this customer). If 'Open Item' is selected, you still may change to Balance Forward during billing transaction.

Aging on: determine for the aging report either the outstanding amount will be shown in the month of its invoice date OR its due date. E.g. Invoice date is 01 July and the credit term is 30 days, for Aging On Invoice Date, the outstanding amount will appear in July's aging; for Aging on Due Date, the outstanding amount will appear in August aging report (the month it was due)

Credit Term: assign credit term (for aging report purpose). Credit term is maintained at General Maintenance > Credit Term Maintenance

Credit Control: to set credit control policy whether to block, or suspend, or need password when credit term and limit is violated.