Difference between revisions of "Credit Limits"
m (Protected "Credit Limits": Sysop page [edit=sysop:move=sysop]) |
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* Increase the credit limit of the customer | * Increase the credit limit of the customer | ||
* Receive a payment from the customer | * Receive a payment from the customer | ||
| − | * Use a credit card as a payment method on orders instead. | + | * Use a credit card as a payment method on orders instead. If there are authorized payment methods on the order, then they would be counted as potential payments. |
Note that credit limits are not related to billing accounts and their account limit settings. | Note that credit limits are not related to billing accounts and their account limit settings. | ||
Revision as of 22:42, 21 September 2007
Credit limits are part of customer agreements and are used to control the total amount of outstanding authorized for a customer. It would not affect sales orders, pending sales invoices, or pending shipments. When a sales invoice is to be marked as ready and posted to the ledger, or when a shipment is packed and shipped, however, the system would check the resulting outstanding balance for the customer against the credit limit. If the operation would cause the new outstanding balance to exceed the pre-set credit limit, then the operation would be disallowed by the system.
To ship to the customer or approve and post his invoice again, one of the following could be done:
- Increase the credit limit of the customer
- Receive a payment from the customer
- Use a credit card as a payment method on orders instead. If there are authorized payment methods on the order, then they would be counted as potential payments.
Note that credit limits are not related to billing accounts and their account limit settings.
