This field is on the Credit tab of the Customer Maintenance window and only applies to accounts with jobs.
If this field is blank on the main account, the system uses the default setting in option 340 "Miscellaneous - Default for Global Credit Limit" (or the Global Cred Limt field in legacy Function MCT).
This field determines if this account uses a global credit limit, which is the maximum dollar amount that can be charged to the cluster of the main account and its jobs. This maximum amount that can be charged is entered in the main account’s Credit Limit.
When using a global credit limit, the system calculates the global credit available as the global credit limit (which is entered in the main account’s Credit Limit field), less the total running balances of the main account and all jobs.
Each job account must also have its own credit limit to be able to charge to that job. Hint: If you want a job’s credit limit to be governed solely by the amount of the global credit available, set the job’s credit limit to an amount higher than the global credit limit.
If the clerk is charging a transaction to:
the main account, the global credit available must be greater than the amount of the purchase. Thus, the global credit limit less the sum of all running balances must be greater than the amount of the purchase. If it is not, a message warns the clerk at POS.
a job account, the system first checks that the job’s credit available (its credit limit less its running balance) is greater than the amount of the purchase. If it is, then the system checks to see if the global credit available is greater than the amount of the purchase. If the job account has enough credit available but the global credit available is less than the amount of the purchase, a message warns the clerk at POS.
For example: You have a main account and job accounts set up as follows:
The global credit limit for the main account is $10,000 and its running balance is $1000.
The credit limit is $4000 for job account #1 and the running balance is $3500
The credit limit is $6000 for job account #2 and the running balance is $5000.
The customer wants to charge $750 on job account #2. A message warns the clerk that the credit limit is exceeded, even though job account #2 has available credit of $1000, because the global credit limit only has available credit of $500.00 (10,000 – 1000 – 3500 – 5000).
Y = This account uses a global credit limit. The system does the following:
totals the account balances for each job account and the main account
compares the total account balance to the global credit limit (which is entered in the main account’s Credit Limit)
determines the credit available
N = This account does not use a global credit limit.
blank = Use the default in option 340 "Miscellaneous - Default for Global Credit Limit" in Options Configuration (or the Global Cred Limt field in legacy Function MCT) to determine if this account uses a global credit limit.
This field defaults to blank.