Enabling AR for Companies in TapGoods PRO
AR-Toggled Companies are entities for which you have enabled Credit Terms, allowing them to utilize credit as a payment method for their Orders. When a Company uses its Credit Terms, these companies are obligated to settle their balances within the negotiated Payment Terms.
To enable AR for a Company in TapGoods PRO, follow the steps listed below:
- Hover over Contacts on the TapGoods PRO menu.
- Click Companies.
- On the Companies page, click on the Company you want to track using AR.
- In Company Details, enable the toggle next to AR.
- A pop-up will appear prompting you to enter a credit limit; enter the credit limit you want to give the Company.
- Click Submit.
Once AR is enabled, you can use the Company’s Credit Limit as payment for Orders that the Company is responsible for. Payment for Orders paid for using the Credit Limit is arranged according to the Payment Terms set for the Company, and can be done by sending a Statement to the Company’s Statement Contact, The Statements Contact is added to Company Details.
The Credit Limit and remaining balance for an AR-Toggled Company can be viewed from the Companies page.