2. Exceeding Credit Limits
During invoice or order entry, if the credit amount limit is exceeded, at the accepting the voucher, Tally.ERP 9 prompts an error message displaying the amount exceeding the credit limit specified. You can however,
- Enter a lower value (within the prescribed credit limit) to complete the entry ; or
- Abandon the current entry and obtain authorization to increase the credit amount limit in the Multi Ledger Limit Alteration screen.
This feature helps in restricting Invoicing for the customers or parties exceeding the prescribed credit limits and thereby facilitating better and effective control of the outstanding.