Applying a Credit limit prevents additional POS charges being made against that particular debtor account, once the Account Balance has reached the specified limit.
NB: A Credit limit of 0.00 means the debtor has NO Credit limit and they may continue to charge regardless of current balance.
Setting a Credit Limit
Individual debtors
From the main menu:
- 3 Debtors, 1 Maintain Debtor Accounts
- Recall the debtor. (If the debtor is not displayed on the list press F7 [Show Hidden] and review the list again).
- Enter the Credit limit required
- F12 [Accept Details]
In Bulk
From the main menu:
- 3 Debtors, 3 Maintain Debtors in Bulk
- If you want to use this selection in the future type a recognisable name into the Criteria name field
- Use a criteria to recall a specific group of debtors (eg all debtors with a 3 month balance greater than $10).
- F12 [Accept Details] to generate the list
- F9 [Fees, Limits]
- 1 [Credit Limit]
- Enter the Credit limit required
- F12 [Accept Details] twice and select Y [Yes] to change debtors
Staff will now receive a prompt at POS saying “Amount will cause account balance to exceed credit limit” and the customer should find another method of payment.
NB: Once a debtor has paid their account (or overdue balance) you may want to consider removing the credit limit again.