Setting Credit Limit" is used to notify contacts that they are allowed to make sales or provide services up to a specified credit limit. This helps prevent contacts from exceeding the desired sales amount.

In the event of exceeding the credit limit, there will be a notification or the option to prevent recording transactions for that contact. You can choose whether to receive a notification or prevent recording transactions, following these steps.

Step 1: Setting Credit Limit.

Go to the 'Settings' menu > 'Account Policy Setting' > 'Credit Limit'.

> Click on the 'Edit' button.

> Select whether to enable notifications when exceeding the credit limit or disable document creation for quotations and invoices.

> Click on the option to set the credit limit.

> Set the desired credit limit.

> Click on the 'Save' button.

If there is a credit limit set in the 'Contacts' menu, it will be automatically populated as the default value for the credit limit set for credit sales.

Step 2: Editing Contacts that do not require credit limit setting.

Go to the 'Contacts' menu > 'Overview'.

Click on the contact for which you do not want to set a credit limit

click on 'Edit' button.

Click on the left-side menu, then select 'Credit limit setting > Choose 'Unlimit' > click on the 'Select' button.

Example of a popup when a credit sale exceeds the credit limit.

Example of a popup when a credit sale exceeds the credit limit and preventing the Transaction from Being Recorded.

Step 3: Cancelling the Credit Sales Limit.

If you no longer want to set a credit sales limit, you can disable it by following this method

Go to the 'Settings' menu > 'Account Policy Settings' > 'Credit Limit' > Click on the 'Edit' button.

And then, check the option 'Unlimit' > click on the 'Save' button.

You can watch the video tutorial for Credit Limit Setting at PEAK Account The complete guide for all configuaration start at 40:03