bad5e90e46
CREDIT LIMIT field is at customer, customer group and company level . Explanation given on priority of the three levels.
58 lines
1.7 KiB
Markdown
58 lines
1.7 KiB
Markdown
# Credit Limit
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A credit limit is the maximum amount of credit that a financial institution or
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other lender will extend to a debtor for a particular line of credit. From an
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organisation's perspective, it is the maximum amount of credit which a
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customer gets on goods purchased.
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To set credit limit go to Customer - Master
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> Selling > Document > Customer
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#### Figure 1: Credit Limit
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<img class="screenshot" alt="Credit Limit" src="/docs/assets/img/accounts/credit-limit-1.png">
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Go to the 'CREDIT LIMIT' section and enter the amount in the field Credit Limit.
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If you leave CREDIT LIMIT as 0.00, it has no effect.
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In case a need arises to allow more credit to the customer as a good-will, the
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Credit Controller has access to submit order even if credit limit is crossed.
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To allow any other role to submit transactions by customers whose credit limit
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has expired, go to accounting settings and make changes.
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In the field Credit Controller, select the role who would be authorized to
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accept orders or raise credit limits of customers.
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To set credit limit at Customer Group Level go to Selling -> Customers -> Customer Group
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Go to the 'CREDIT LIMIT' field and enter the amount.
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If you leave CREDIT LIMIT as 0.00, it has no effect.
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To set credit limit at Company level go to Account -> Company
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Go to the 'ACCOUNT SETTINGS' section and enter the amount in the CREDIT LIMIT field.
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If you leave CREDIT LIMIT as 0.00, it has no effect.
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For 'CREDIT LIMIT' check functionality, Priority (High to Low) is as below
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1) Customer
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2) Customer Group
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3) Company
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#### Figure 2: Credit Controller
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<img class="screenshot" alt="Credit Limit" src="/docs/assets/img/accounts/credit-limit-2.png">
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Save the changes.
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{next}
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