Party Wise Credit/Bill Limit

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🧭 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! πŸ’ΌπŸ“Š


βš™οΈ Steps for Implementation

  1. πŸ”§ Navigate to the Setup menu

  2. πŸ”½ Expand Setup Account option.

  3. πŸ†• Select Setup New Accounts.

  4. πŸ“„ Head over to Other Details to apply Credit πŸ’³ and Bill πŸ’° limits


πŸ’³ Configuring Credit Limit

🌐 Global Settings

  • Navigate to Logic Admin Global Settings πŸ› οΈ

  • 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 βž•βŒ


πŸ§β€β™‚οΈ Setting Credit Limit in Customer Account

πŸ“ Define Credit Limit

  • This is the maximum amount a customer can owe πŸ“Š

  • Example: Set a credit limit of β‚Ή12,000

    • 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 βœ… or "No" to cancel ❌ while billing.


πŸ’΅ Setting Bill Limit in Customer Account

πŸ“ Define Bill Limit

  • Restricts the amount per bill 🧾

  • Example: Set a bill limit of β‚Ή24,000 for a customer – no single bill can exceed β‚Ή24,000 when creating invoices! πŸš«πŸ’Έ

⚠️ 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". πŸ™‹β€β™‚οΈπŸ™…β€β™€οΈ


🧠 Using Credit & Bill Limits in Logic ERP

With Logic ERP, you can:

  • βœ… Maintain financial control

  • πŸ”’ Prevent over-billing

  • πŸ“‰ Reduce credit risk

  • πŸ“Š Manage customer balances smartly

  • βœ…Manage credit and bill limits.


🏁 Final Thoughts

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

  • πŸ“‹ Better billing discipline

  • πŸ’Ό Stronger business control

  • 🧾 Accurate and risk-free invoicing

Let me know if you'd like this turned into a visual guide or training handout! πŸ“˜πŸ–¨οΈ

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