Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 44)

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If Yes, a credit limit warning message will be displayed in the Weigh screen for any
customer whose estimated balance has exceeded the credit limit.
Credit Limit: % of Limit
The percentage of the credit limit at which warning messages begin. For example, if the
credit limit is $1000 and the Warning Level % is set at 5, warning messages will be
displayed when the customer's estimated balance reaches $950.
Finance Charge: Monthly %
The monthly interest rate used to calculate finance charge on overdue unpaid balances.
(See Days Overdue below.)
Finance Charge: Days Overdue
The number of days after the due date of an invoice that finance charges will begin to be
assessed.
Terms: Custom
Payment terms on invoices are defined by the due date and discount entries.
Terms: Cash
Immediate cash payment is required on all tickets. No invoices are generated for cash
customers.
Terms: Prepaid
Prepaid customers must always maintain a credit balance. A zero credit limit is enforced.
Due Date: Day of Month
The invoice due date is set to a day of the month after the invoice date.
Due Date: Days after Invoice
The invoice due date is set to a number of days after the invoice date.
Due Date: End of Month
The invoice due date is set to the end of the month.