Some stores provide policies to allow customers to make credit sales transactions. With this policy in place, the problem that might occur is that recorded customer debts will accumulate. Besides being able to have an impact on store operations, accumulated debt can also make the store's report not good (because of the large amount of debt).
DealPOS has provided a feature to limit customer debt. So, when a customer's transaction debt has exceeded the debt limit, the customer will not be able to make credit transactions again unless the debt limit can still be used/is less than the nominal credit sales transaction that will be made.
I. Set Debt Max Limit For Specific Customers
Step 1. Go to Contact, then Select Any Customer
Step 2. Edit Customer
Step 3. Set Customer Debt Limit, then Click Save
We try to set John's Debt Limit for 500,000, so you cannot make a transaction with that customer if its debt reaches the limit.
Step 4. The contact was Successfully Updated
II. Set Max Debt Limit By Default
Step 1. Go To Settings, Then Search for Debt Limit
Step 2. Set The Default Max Debt Limit, Then Save
III. Make Sales Transaction
Make a sales transaction with a customer who has a debt limit (reached the debt limit).
Step 1. Go to Sell, Assign Customer, Then Make a Transaction
In the image below, the customer named "John" has a debt limit set to a maximum of 500.00, while the product price is 1,800,000.
Step 2. Click Pay, Then Select Later
The payment cannot be processed because the customer has a maximum debt limit of 500,000. If the customer already has an existing debt, the new debt will be accumulated until it reaches the maximum debt limit.
Related Article:
In case you want to pay debts with bulk payment you can read AR & AP Collection
You can also check Invoice Aging and Bill Aging Reports
To set the default maximum overdue for customer debt: Set Default Maximum Invoice Overdue Days
DealPOS is an online point-of-sale (POS) application specifically designed for retail businesses in categories like Fashion, Minimarkets, Electronics, Fresh Food, and Building Material Stores.
With DealPOS, you can manage both online and offline store inventory in real-time on a single platform. You can also sell through omnichannel (offline and online) as DealPOS integrates with marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada) and instant web stores (Shopify and WooCommerce).
For more detailed financial book-keeping, Books App is available as a separate accounting application. In addition, stock counting becomes easier with the DealPOS Scanner App, which supports barcode scanning features.