“This page displays everything related to the credit status.”
Instructions to Access the Credit Status Page:
- Start by clicking on the “Sales” section from the main menu in the system.
- Then, the Sales screen will appear. Look for the “Sales Structure” window in the top bar of the page.
- Click on this window, “Sales Structure,” and then press the link to the “Credit Status” page.
Concept of Credit Status and Its Uses:
The credit status is an important topic in the context of the relationship between companies and their customers. This status is related to the customer’s behavior regarding payment and commitment to their financial obligations. The credit status reflects the customer’s ability and intention to fulfill their financial commitments in a timely and agreed-upon manner.
- Credit Decision-Making: The credit status guides the company or organization in making important decisions regarding dealing with its customers. If the customer has a good record of financial commitments and timely payments, it allows the company to extend credit to them. However, if the customer has a poor credit history, it may not allow them to have credit terms.
- Invoice and Collection Management: The credit status can be used to determine how the company deals with customer invoices. If the customer has a good credit status, they may be allowed to pay on credit. If the customer has a poor credit history, they may be required to make immediate payments.
- Building Sustainable Business Relationships: The credit status contributes to building sustainable business relationships between the company and its customers. When the customer knows that their responsible financial behavior has a positive impact on their credit status, they are more willing to engage with the company continuously and develop cooperation.
- Monitoring Financial Behavior: The credit status can be used to monitor the financial behavior of customers over time. The company can analyze payment and commitment records of customers to identify trends and patterns in their financial behavior and make informed decisions based on that information.
Options and Features of the Credit Status Page:
Upon accessing the “Credit Status” page, you will find a set of available options, including:
- Through this page, you can review the existing credit statuses in the system.
- Additionally, the system allows you to modify the name of any existing credit status from the “Credit Status” list as needed.
- There is also an option to delete any credit status from the “Credit Status” list if you wish to do so.
Explanation of How to Add a New Credit Status:
To add a new credit status, follow these steps:
- There are fields provided at the bottom for adding details of the new status.
- Start by filling in the fields, enter the name of the new credit status you wish to create.
- Then, select whether the system allows invoicing in this status or not.
- Once you have filled in the required details, click the “Add” button to add a new credit status.
With this, you can easily access the “Credit Status” page and manage different credit statuses, as well as add new credit statuses according to your specific needs.