#Tally #CreditLimit #TallyCourse
You can set your credit limit in Tally ERP 9. Credit Limit is the monetary limit up to which the buyer can purchase from a seller on credit. This limit is agreed upon mutually by the seller and the buyer. Credit limits can be set for ledgers created under the group's Sundry Debtors and Sundry Creditors. By setting credit limits for your buyer or customer, you will be able to effectively manage your receivables. With the credit limits allowed by your supplier in the respective ledger, you will be able to effectively manage your payables. During sales, purchase, and order transactions, the credit limit and current outstanding balance of the ledger will be displayed, allowing you to make informed decisions. 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. You can set credit limits for your business partners in Tally ERP 9 to ensure that no invoice is wrongfully generated beyond this line of credit? Learn How to define credit limit and credit period in tally in Hindi.
This is our free online tally accounting course. We provide tally ERP 9 online classes. So you can learn and study tally accounting online. It is a Part of the RSCFA Course run by Career Planet. You can learn the tally ERP 9 course using step by step video tutorial in Hindi with GST from our Channel. It is Tally GST complete accounting class series with examples.

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