Currencies, credit limits and payment terms
What the Financial fields on a partner mean and where Voltix uses them.
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Currency
The Currency the partner deals in. The list shows the currencies set up in Settings → General → Currencies.
| Partner currency | What happens on a sale |
|---|---|
| MVR | The sale is in MVR. |
| A foreign currency, for example USD | The POS and Sales switch the document to that currency at the current exchange rate. This needs multi-currency sales switched on for your company; without it the POS refuses the customer. |
| Multi (all currencies) | The sale starts in MVR and the cashier or salesperson can pick another currency. |
Purchasing works the same way for vendors: a vendor with a fixed currency sets the document currency; a multi-currency vendor keeps whatever currency you choose.
Partners that may use any currency are set up in SAP (All currencies). Voltix shows them as Multi.
Credit limit
The most a customer may owe you on credit. It is shown on the partner and in the list. Leave it empty for customers who always pay at once.
In the Sales app, your company decides what happens when a credit invoice would take the customer over this limit: nothing, a warning, or an approval. See Approvals and credit control.
Payment terms
How long the partner has to pay, for example Net 30. Pick one from the list.
You set up the list yourself. See Partner groups and payment terms.
Payment terms come from SAP and are sent back to SAP with the partner.
Price lists
The POS does not use a customer's own price list: it uses the price list of the terminal.
In the Sales app, a Sales profile can be set so that prices come from the customer's own SAP price list, falling back to the profile's list. See Sales setup.
Without SAP, partners have no price list of their own. Prices come from the terminal (POS) or the Sales profile (Sales).