General parameters > Chapter Common Data > Parameter OSTDRAFT (Customer credit notes P/R amt.) 

Index

This parameter applies to the Credit level updatefield on General accounts. The results can be viewed in the BP situation, Risksection available from the Customer record.

Setup options:

Chart of accounts, Credit level update check box - Updates (or not) the BP accounting balance.

OSTDRAFT parameter - Updates (or not) the Total credit including the notes payable/receivable amounts from the Notes P/R management.

Management options:

The combination of the listed parameters is used to decide at what moment the company considers that a notes payable/receivable is no longer included in the customer risk (and thus the accounting balance and authorized credit level).

This could be summed up as follows: When do you consider that it is appropiate to deduct the Accounting balance and Total credit from the notes P/R value?

• When posting the notes P/R?
• When posting the notes P/R to the bank?
• When closing the risk of notes P/R?

Example 1: The risk is defined until the notes payable/receivable (€1,000) are posted:

Notes P/R control account: Credit level update= No

OSTDRAFT parameter = No

Example 2: The risk is defined until the notes payable/receivable (€1,000) are posted to the bank:

Notes P/R collective account: Credit level update= Yes

OSTDRAFT parameter = No

Example 3: The risk is defined until the risk is closed for the notes payable/receivable (€1,000):

Notes P/R collective account: Credit level update= No

OSTDRAFT parameter = Yes