Trust is the foundation of any business, and offering credit payment options to loyal customers is often a powerful strategy for maintaining strong relationships and boosting sales. In an accounting system, each of these accounts receivable will be recorded with its specific amount and days overdue.
However, without the proper controls, accumulating receivables can backfire and jeopardize the company’s cash flow. This is where implementing a Debt Maximum Overdue configuration becomes essential. This article will discuss how to set smart, automated limits to ensure your business continues to expand without sacrificing its financial health.
I. Configure Maximum Overdue for Specific Customer
Step 1. Navigate to Contacts Menu
Step 2. Click Edit button
Step 3. Click Sales & Debt
II. Configure Maximum Overdue Globally (All Customer)
Step 1. Navigate to Settings Menu
Step 2. Enter and Click Save
Note:
If you set the maximum overdue here, it will be apply for all customer.
III. Create New Sales Transaction
Step 1. Navigate to Sell menu
Below we will create a backdated transaction
Step 2. Set the Payment as Later
Step 3. Unpaid Invoice has been Created
IV. Verify the Credit Invoice Age
Step 1. Navigate to Debt Menu
Click the credit amount
As you can see below, a customer named Mr. Ridho Warsono has one invoice that has already passed the maximum debt overdue limit of 3 days.
Step 2. Create New Sales Transaction
When entering the customer's name, an error pop-up appears (as shown in the screenshot below) indicating that the customer has an overdue invoice that has exceeded the limit. This means the customer must pay their debt first.
Related Articles
To add a new payment method. Please refer to the following article: Add Payment Method
To set a surcharge at the payment method. Please refer to the following article: Set Surcharge at Payment
To set a customer debt limit based on its amount. Please refer to the following article: Debt Limit for Customer
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