Accounting Finance:Credit Checks-Supplier Credit Checks on Customers

Overview

Suppliers will request credit checks on our shareholders and customers. They will use the credit checks to determine if they will issue credit to new and existing customers. The credit check is a compilation of information about the way we handle payments and sales. It includes information about how much debt our customer account has accumulated, how they pay their bills, whether they have any NSF cheques or disputes.

Obtaining information

1. Never provide information over the telephone. The supplier must either fax or email you the request.
2. To obtain information log onto ASW and click A/R balance/stat/agreem/trans on the Enquiries (blue left side)
3. Enter the debtor number and click Enter
4. Click Customer (blue left side) to obtain information on Credit limit and terms of payment (always Net 10 days from statement)
5. Click Statistics (blue left side) to obtain information on sales such as highest sales, total sales, etc.
6. Click Names, enter customer number and press enter to obtain information on start date (Creation date)
7. Click A/R balance/stat/agreem/trans on the Enquiries (blue left side)
8. Enter the debtor number, click Enter and click Open items (blue left side) to obtain information on most recent transaction and amount

Forwarding information

1. Fax or Email form back to Supplier
2. Be careful with shareholder accounts to ensure we are giving a positive image and accurate information.