Party Wise Credit/Bill Limit

YouTube: Party Wise Credit/Bill Limit

🧭 Steps for Implementation in Logic ERP

Follow these steps to set up Credit & Bill Limits in Logic ERP and keep your customer billing in check! 💼📊

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⚙️ Steps for Implementation

1. 🔧 Navigate to the Setup menu

2. 🔽 Expand Setup Account option.

3. 🆕 Select Setup New Accounts.

4. 📄 Head over to Other Details to apply Credit 💳 and Bill 💰 limits

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💳 Configuring Credit Limit

🌐 Global Settings

• Navigate to Logic Admin Global Settings 🛠️

• Go to Credit Limit Checks.

• Decide if billing should be disabled when a customer exceeds the limit 🚫🧾

🧾 Billing Process

• When billing a customer who’s over the credit limit, Logic ERP shows a prompt ⚠️

• You can choose to continue or cancel billing ➕❌

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🧍‍♂️ Setting Credit Limit in Customer Account

📏 Define Credit Limit

• This is the maximum amount a customer can owe 📊

• Example: Set a credit limit of ₹12,000

  • The customer’s ledger balance shouldn't go above this! 🚧

⚠️ Exceeding the Limit

• If the limit is crossed during billing, Logic ERP shows a prompt.

• You can opt for "Yes" to proceed ✅ or "No" to cancel ❌ while billing.

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💵 Setting Bill Limit in Customer Account

📏 Define Bill Limit

• Restricts the amount per bill 🧾

• Example: Set a bill limit of ₹24,000 for a customer – no single bill can exceed ₹24,000 when creating invoices! 🚫💸

⚠️ Exceeding the Limit

• When trying to save a bill over the limit, a message will appear stating the bill amount is over the defined limit.

• You can choose to continue or cancel billing by selecting "Yes" or "No". 🙋‍♂️🙅‍♀️

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🧠 Using Credit & Bill Limits in Logic ERP

With Logic ERP, you can:

• ✅ Maintain financial control

• 🔒 Prevent over-billing

• 📉 Reduce credit risk

• 📊 Manage customer balances smartly

• ✅Manage credit and bill limits.

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🏁 Final Thoughts

By setting up credit and bill limits, you’re ensuring:

• 📋 Better billing discipline

• 💼 Stronger business control

• 🧾 Accurate and risk-free invoicing

Let me know if you'd like this turned into a visual guide or training handout! 📘🖨️