Tally . Erp9 offers some great features one of them is restrict to make sales or purchase for a particular customer / supplier.
Once the customer / supplier reach the credit limit, we could not make the sales or purchase
Tally.erp 9 allows you to set a credit limit in terms of period as well as monetary terms.
Follow this step by step procedure to set credit limit in tally.erp 9 for your suppliers as well as customers
Go to main menu Gateway of tally.erp 9 press F11
select Accounting feature, under Budgets and Scenario management,
Set maintain budgets and control to yes and accept the screen
Now, Go to Any supplier or customer ledger account(Alteration Mode) for which you want to set the credit limit
set credit period and credit limit for the supplier/customer ledger account.
Accept the Screen.
Now after setting this limit, whenever you try to post a purchase/sales transaction in related supplier/customer ledger account, tally.erp 9 will display a warning message and you will not be able to post the transactions exceeding the limit. So either you have increase the limit or can enter a lower amount in the transactions.
You may restrict other users to alter this credit limit.
Go through the above and enjoy
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