Overview of Live Credit Limit in Marg ERP Software

Benefits of Live Credit Limits Management Option in Marg ERP Software

Process of Credit Limit Management in Marg ERP Software

Process To View Live Credit Limit’s Report in Marg ERP Software

Overview of Live Credit Limit in Marg ERP Software

• In a Business unmanaged Credit Limit can be a big loss for any Type of Business and if without any information the billing of the customer is forcefully stopped then there are high chances of losing that particular customer.
• In Marg ERP Software, there is a very beneficial option 'Live Credit Limit'. With the help of this Live Credit Limit’s option, the users can easily set the credit limit for their customers. This option helps to receive timely payment and the users can also keep a track of the payments that is to be received from the customers.
• In short, it is a complete solution to resolve the above problem as the credits will be in limit and the user will not lose their customers.

Benefits of Live Credit Limits Management Option in Marg ERP Software

• In Live Credit Limit option for operators, the user can set primary limit in ledger of all the customers and for managers, the user can also set final credit limit which can be set in amount, bills or days.
• In customer ledgers the user can also set that this limit should only indicate or must be strictly followed.
• The credit limit will be managed but for those customers for whom the user has set follow strictly their billing will stop due to which when those customers will contact in order to purchase products & then when they will come to know that their credit limit has been crossed and their billing has been stopped because of this reason the customers will feel bad and will not purchase products from the user anymore.
• On the other hand, the user will not have any knowledge that some customers have stopped purchasing products because their credit limit has been crossed and will start purchasing goods/products from some other supplier.
• Therefore, in this way the user can also apply these credit limit settings for all its customers altogether in 'Credit Limit Management' option.
• With the help of this report, the user can also generate a list of these customers, further contact them for a solution and provide temporary limit so that the users don’t lose those customers and business also runs smoothly.
• Hence, in this way every Marg user can have 100% control over their credit limit and not lose their customers.

Process of Credit Limit Management in Marg ERP Software

• Go to Masters > Rate & Discount Master > Credit Limit Management.

The user will select the below options as per the requirement.

a. Show Parties Billed Between: The user will enter the 'date range' during which billed parties needs to be shown.

b. Sales Value Calculate From: Mention the 'date' from which the user wants to calculate 'Sales Value'.

c. Calculate for Days <365>: The user will enter the 'days for Limit Calculation'. 

d. Limit on Days <30>: Enter the 'days on which Limit' needs to be applied.

e. Primary Limit  90%: The user will fix the 'Primary Limit' as per the requirement.

f. Credit Limit 100%: The user will fix the 'Credit Limit' as per the requirement.

g. Bills Nos in same Formula: Select 'Yes' to apply this formula on Number of Bills otherwise select 'No'.

h. Highlight Limit Difference: This will highlight the difference in Party Limit and Limit according to this formula if the difference is more than this 'percentage'.

i. Filter for Indicate/Stop: The user will select to filter the parties as per the 'Limit applicability'.

j.  Filter for Auto/Manual: The user will select the options to view parties as per 'Auto/ Manual'.

k. Filter for Data: Select the option to view parties as per the data.

l. Minimum Default Cr.Limit: Enter the 'Minimum Default Credit Limit for Party'.

m. Minimum Default Bills: Enter the 'Minimum Default Bills for Party'.

n. Minimum Default Days: Enter the 'Minimum Default Days for Party'.

o. Maximum Default Cr.Limit: Enter the 'Maximum Default Credit Limit for Party'.

p. Maximum Default Bills: Enter the 'Maximum Default Bills for Party'.

q. Maximum Default Days: Enter the 'Maximum Default Days for Party'.

Press 'Enter' key.

• Now, the user can view the filtered list of the customers.
• Suppose the user can view here the details of B. Lal & Sons in which it is showing 22 i.e. this customer has not done any purchase since last 22 days. Next, it is showing 10302, which is the outstanding of this particular customer. There are 7 bills which is being generated for this customer. Then, in 'Days' option, there are some bills of this customer which were created 1510 days ago and its payment is not received till now.

• Then, the software is suggesting about the credit limit and primary limit for this particular customer. The user can view that the credit limit of this customer is set as Rs. 5000 and the Primary limit must be set for Rs. 4500.
• Similarly, the user has set credit limit of 0 bill but software is suggesting to set credit limit for 3 bills. In this way, the software is suggesting to give 483 days' limit to the customer.

• Now, the difference between the limit that the user has set on the ledger of this customer and the limit that is advisable is being highlighted in Green colour.

• In order to view the ledger details of the customer, the user will press 'Enter' key and select 'Credit Limits' option.

• The user can enter the Credit Limit and Primary Limit as per the Advice Limit or as per requirement.
• In 'Limits Manual/Auto' option, the user will select the Mode of selecting Limit.

• Press 'F10' key.

• Click on 'Close' button.

• Click on 'Yes' button.

• Click on 'Ok' button.

Process To View Live Credit Limit’s Report in Marg ERP Software

• Go to 'Transactions > Sale > Live Credit Limit's'.

The user will select the options as per the requirement.

a. Reporting Based On: The user will select the basis of Reporting - Actual/Average Basis.

b. Show Parties Billed Between: The user will specify the Days between whose purchase needs to be viewed.

c. Sales Value Calculate From: The user will enter the Date from which Credit Limit needs to be calculated.

d. Calculate for Days <365>: The user will enter the Days for which the Credit Limit needs to be viewed.

e. Area: The user will select 'Y' to view Credit Limit for particular Area otherwise keep it as 'N'.

f. M.R.: The user will select 'Y' to view Credit Limit for particular Salesman otherwise keep it as 'N'.

g. Route: The user will select 'Y' to view Credit Limit for particular Route otherwise keep it as 'N'.

h. Station: The user will select 'Y' to view Credit Limit for particular Station otherwise keep it as 'N'.

i. Group: The user will select 'Y' to view Credit Limit for particular Group otherwise keep it as 'N'.

After following the above steps, the user can view and manage the Credit Limit Management in Marg ERP Software.