credit options
Hi,
Many a times, vendors offer credit to the business and it is bound by a limit and a duration. Vendor payments should be shown as overdue when either the defined limit overshoots or the credit duration expires. This feature is available in QuickBooks as a standard and is very helpful while creating purchase orders, so that we are aware of when actually I need to pay my vendor and help in managing the finances in a better way.
Similar option should be available for clients as well, since there are cases when a business offer credit facility to its customers and we should be able to set up a limit on the clients so that over-invoicing cannot be done or a warning to be displayed while creating invoices such clients.
These features are very important to effectively manage finances and can even make or break a business.
Hope to see these being rolled out soon in ZohoBooks.
Feel free to connect with me, if you need any details around these.
Rohit Kanth
shared this idea
Hi all,
We have added the option to set a Credit Limit for customers.
When the credit limit is exceeded, you can set the option to restrict from creating/editing an invoice (or) show a warning message and continue creating/editing the invoice.
Refer to this Help Document that will elaborate on this feature – https://www.zoho.com/books/help/contacts/credit-limit.html
Regards,
Zoho Books Team