Auto Convert AR Orders
Want to follow along in your TapGoods PRO account? Click here to open Order Settings in a new tab!
For business owners who utilize Credit Terms for Companies in TapGoods PRO, users can automate the Payment Terms on AR Toggled companies utilizing Auto Convert AR Orders in Order Settings.
In Order Settings, Auto Convert AR Orders is located underneath Signature Requirements.
AR (Accounts Receivable) companies are companies that are given a Credit Limit and the company must pay the balance back after a time period determined by the user. The terms of AR Companies are determined by the Credit Limit and the Payment Terms that you have assigned.
With Auto Convert AR Orders toggled ON, closed orders with companies using Accounts Receivable funds will use the Payment Terms applied to the company either within Contacts>Companies or the applied within the order. In these settings, users can add…
- Payment Limits: This is the Credit Limit that can be applied to companies in TapGoods PRO. Credit Limits in the platform are the amount of money that AR Toggled companies can utilize so long as they will pay the balance at a later date.
- Payment Terms: This is the time frame in which companies will be given before outstanding balances are due.
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