AXIS Diplomat 2006 Accounts Additional Options

Credit Charge

The Credit Charge option can apply to both the AXIS Diplomat 2006 Sales Invoicing routines and the optional Purchase Self Invoicing function.

On a Sales Invoice it allows a user to levy a charge for the credit facility that has been agreed with his customer.

A typical application would be a Garage Forecourt for petrol and sundries, where the garage will levy a Credit Charge on any monthly account customers they may have, to cover the cost of foregoing a cash settlement.

A further example of the role of the Credit Charge in Purchase Self Invoicing would be the Agricultural Grain Cooperative, where the Cooperative charges itself for the credit it takes by virtue of the settlement period on the invoices it generates, on behalf of its member farmers.

The facility to create and amend a default value for the percentage Credit Charge together with appropriate Nominal analysis accounts is provided within the Amend Company Details function accessible from the Supervisor Menu.

On completion of each Invoice, (Sales or Purchase Self Invoice) the operator will be asked if a Credit Charge is to be applied to this invoice. If the operator confirms that it is, a Credit Charge amount will be calculated for the invoice and displayed on the screen. This amount together with the Nominal Analysis Accounts may then be amended.

The amount will be printed at the foot of the Invoice together with the Amount Due.

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