Contract Classification Settings

Access

Use this routine to create and maintain installment contract classification codes. At least one classification must be set up. Once established, you then assign these contract classifications to installment plans at the Classification field on the General tab of Installment Payment Plan Settings.

Classification CodeTo create a new classification, enter a code of up to 3 alpha-numeric characters to represent this contract classification.  To edit an existing classification, enter the code or click the Search button to select a code from the Read-Only Lookup Window.

  

DescriptionUse this mandatory field to enter or edit the description of this contract classification. Click the Action button to access the Description Field - Language Translation Entry screen.  

Use this field to enter or edit a description of the selected classification code.   This field is mandatory. LevelClick the Arrow button to select a level from 1-9 from the drop-down list. The level is used to qualify a customer for a particular type of payment plan during the payment process in Enter a Sales Order. For example, a level one is the lowest level plan, with high interest, that can be assigned to plans offered to customers with poor credit. Conversely, a level nine is the highest level, with low interest, and can be assigned to plans offered to customers with excellent credit.