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FAQ-2 (Budgets and Credit Limits):

How to set Credit Limits and Credit Periods for a group of ledgers?


Invoices can still be generated and credit periods given at the time of invoicing even if credit limits are not set. However, that may not be desirable, especially in a decentralised environment. Therefore, to minimise errors during invoicing, you might prefer to set these important terms beforehand.

  • Go to Gateway of Tally > Accounts Info > Ledgers  > Credit Limits
  • Select the group of ledgers, for which the credit limits have to be set, from List of Groups.
  • Set credit limits for both, amounts and periods here.

Tally.Erp 9 : Budgets and Credit Limits


You can set the amount limits in foreign currency if you wish, for customers who are usually issued an invoice in foreign currency.

Note: Credit Periods are in days only and are calculated from the effective date. If a separate effective date field appears in your voucher, the credit period will be calculated from the effective date, which might differ from the voucher date. If the voucher date is the only date field in the voucher, then it is also the effective date and the credit period is effective from this date.

Get..Tally.ERP9 Book + GST Assignment @ Rs. 550

Get..Tally.ERP9 Book + GST Assignment @ `. 550 !

15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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