(ID# 101) This A/R option in Options Configuration determines the usual balance method for accounts you open in this store.
This field is only for AR Pro users.
When you add accounts in the Customer Maintenance window, the system assumes this is the account's balance method unless you specify otherwise.
B = Balance Forward. This customer pays by statement. You apply payments and credit memos to the oldest balance (or to the appropriate aging bucket, based on the Apply Credit field), not specific invoices. The entire balance falls due each period.
O = Open Item. This customer pays by invoice. You apply payments and credit memos to specific invoices. The entire balance falls due each period.
R = Revolving Charge. This customer pays by statement. You apply payments and credit memos to the account balance. Only a certain percentage or dollar amount, plus any amount by which the running balance exceeds the credit limit, falls due each period. Unpaid minimum payments may be subject to late charges.