Receivables System Variables

1. To configure Receivable variables, on the navigational sidebar, select Setup.
2. Once the Setup section expands, select System Variables.
3. On the tabbed menu, select Receivables.

The page opens as follows:

The Receivable variables fall into the two sub-sets:

• Common Settings
• Lender’s Schedule

The Common Settings subset falls into the three groups, as follows:

1. Common Parameters
2. Job Finance
3. Draw Document Options

The Common Parameters group displays the following information:

Payment is Due	Select the option for calculating the payment due date from the following ones:   None Advised – no specific date is required. COD (Cash on Delivery) – no specific due date is required. The payment is made upon delivery of the mail order. Prepaid – no specific due date is required. The order is considered to be prepaid. In a given number of days – the payment is due within the given number of days. On a day of the month – the payment is due on a specific day of every month. # of days after EOM – the payment is due within a specific number of days following the end of the month. Day of month after EOM – the payment is due by the specific day of the following month.
	If you select any of the last four options, you will have to specify the next options.
Due day of month	Enter the due day of month.
Discount days	Enter the number of days before the due date when the discount can be applied if the invoice is paid in full.
Discount percent	Enter the discount percent which applied when the invoice is paid in full within the discount period.
Late Payment Terms	Enter the terms for the late payments. This text block will be visible in the interface of the system.

The Job Finance group displays the following information:

Escrow Allowed

Check the box to allow escrow.

The Draw Document Options group displays the following information:

Draw Covering Letter (Certificate) Required	Check the box to require the covering letter (certificate) for making a draw.
Draw Statement Required	Check the box to require the statement for making a draw.
Show Bank Details on Draw Invoices	Check the box to display the bank details on the draw invoices.
BSB No	Enter the Bank-State-Batch number (six digits).
Bank Name	Enter the bank name.
Bank Branch Name	Enter the bank branch name.
Account No	Enter the account number.
Account Name	Enter the account name.

The Lender’s Schedule subset of parameters allows you to enable the lender’s schedule and define rules for excluding ranges of Cost Centers.

Lender’s Schedule Allowed

Check the box to enable the lender’s schedule in the system.

Once you have allowed the lender’s schedule, you can define the set of Cost Centers that will be excluded.

1. Click the Add  icon. The two boxes highlighted with the pink color appear on the list.
2. In the From and To boxes select the range of Cost Centers that will be excluded.

To remove the already added range of Cost Centers, click the Remove  icon.

If you modify parameters, click Process to confirm modifications.