Some stores have policies that allow customers to make credit sales transactions. However, one issue that may occur is the accumulation of customer debt. Besides affecting store operations, excessive debt can also negatively impact the store’s financial reports.
DealPOS provides a feature to limit customer debt. When a customer’s outstanding debt exceeds the assigned debt limit, the customer will no longer be able to make new credit transactions unless the remaining debt limit is still sufficient for the new credit sales transaction. To set the debt limit for customers, you can follow the steps below.
I. Set Debt Max Limit For Specific Customers
Step 1. Go to Contact then select any customer
Step 2. Edit the Customer data
Step 3. Set Customer Debt Limit then click Save button
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 for Global Customer
Step 1. Go To Settings then Search for Debt Limit
Step 2. Set The default max debt limit then click save button
III. Create Sales Transaction
Step 1. Go to Sell, assign customer with debt, then create a sales 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 the payment as sater
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.
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In case you want to pay debts with bulk payment you can read Join Invoice and Join Bill
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.