Credit Limit to Customer – How to set in Finsys ERP ( Max Amount, Max Days ) with Examples

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Credit Limit to Customer – How to set in Finsys ERP ( Max Amount, Max Days ) with Examples

Using FInsys ERP you can put the theory into Practical.

See this Demo of how your Finsys ERP protects your money.

Use this to prevent bad customers take you for a ride, or stretching you and your limited funds, too much.

Finsys ERP can do what no Spreadsheet and Google Drive can ever do.

You can block SALES INVOICES, if no pymt received for past as per commitments You can block New Sales orders from same party , if no pymt received for past as per commitments You can block even PRODUCTION ORDERS, if no pymt received for past as per commitments

Terms Related to Credit Sales Credit Limit – Credit limit is the maximum amount up to which the company can sell his material to a particular customer as credit sales. Credit Period – Credit period refers no. of days under which the customer has to make payment to the seller or when payment will be due for credit sales.

Risks involved in offering credit Reduced cash flow — you may wait for customer payments, which reduces your ability to purchase replacement products from suppliers.

Taking Interest bearing loans to extend interest free credit to the customers…..Usually, the cost of this only shows up in your profit and loss statement, so you need to keep this in mind when you are pricing your products and services.

Large debts — unpaid debts can pose a risk to your business. This is particularly true if you are exposed to large single transactions.

Using FInsys ERP you can put the theory into Practical

TS Plus… over 46 customers enjoying the powers of TS plus for Finsys ERP

TS plus makes MAC users, macintosh users use the Finsys ERP in a fly. Anybody whether on windows or mac can use the ERP software without need of putting so much time on the ERP software loading and maintaining.

More and more customers are doing rollout , only on TS plus, with no “on premise” installation.

In last 6 months, around 46 customers started enjoying the powers of TS plus for Finsys ERP