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How do I set a credit limit for a business partner?

Overview

With the credit limit you can determine a maximum amount up to which your business partners are allowed to collect unpaid invoices. If a partner has reached this amount, any new orders placed by them cannot be processed for as long as their debts remain unpaid.

Steps

  1. Open the entry of an existing business partner or add a new one.
  2. Go to the record tab “Credit Limit” at the bottom of the page and click . A new window opens up.
  3. Select a Credit Limit Type, e.g. Management.
  4. Enter an Amount which a business partner is maximally allowed to reach with unpaid invoices until they are blocked from placing further orders.
  5. Set a Date from.

    Note: If this date lies in the past, the credit limit is effective immediately. If it lies in the future, it will only apply from that date.

  6. Click “Done” to close the window and add the credit limit to the list.

    Note: The credit limit will take effect only after approval by an authorized user.

Next Steps

  1. Request approval for the credit limit.
  2. Approve credit limit (only authorized users).

Example


Zur Quelldatei auf github.com