Viewing supplier debit credit function defaults

This activity allows you to view the function defaults set for the Supplier Debit Credit Note component in the login organization unit to follow while creating an account based or an item based debit / credit note. You can view the function defaults that have been set for the finance book, the payment term number prefix and the code to modify the pay term.

Select the “View Function Defaults” link under the “Supplier Debit Credit Note” business component.

The “View Function Defaults” page appears.

The system displays the following:

Allow Multiple Finance Book Postings	Indicates whether debit / credit note postings have to be made in multiple finance books.
Default Finance Book	The code identifying the finance book in which all the financial postings must be made for the login organization unit.
Payment Term Number Prefix	The code identifying the payment term number prefix. The value defaulted is the last stored value.
Auto Generation of Debit Note for Warranty Claims	Indicates the status of a debit note that the system automatically creates against the supplier of a warranty claim.
Modify Pay Term	The code to modify the pay term.
Allow Inheritance of Taxes Based on	Indicates the basis on which the tax is inherited in Supplier Debit Credit Note. The system displays the option “Purchase Tax Rules” or “Statutory Tax Defaults”.