How to set a credit Limit for customers?

The purpose of setting a credit limit for a customer is to manage the supplier's risk and ensure that the customer does not take on more debt than they can reasonably afford to repay. By setting a credit limit, the supplier can help prevent the customer from getting into debt that they cannot repay, which can ultimately lead to payment delays or defaults.

• To set the credit limit Go to Contacts > Customers

• Find and select the customer for whom you want to set a credit limit.

• Open the customer's details or edit their profile.

• Look for an option or field labeled "Credit Limit". 

• Enter the desired credit limit for the customer. This could be a specific amount or a maximum credit balance they can have.

• Save the changes to update the customer's profile with the new credit limit.

• Set this field blank for not having any credit limit for customers.