What is The Credit Control Module in Tally?
Managing credit limits and outstanding bills can be a challenge for businesses. Without proper control, businesses may face potential errors or overspending that can negatively impact their cash flow management. The Credit Control module for Tally offers a solution to this problem by providing businesses with greater control over credit limits and outstanding bills. The Credit Control module for Tally is a valuable tool for businesses looking to enforce credit limits. By default, Tally displays a warning message when an invoice is created that exceeds the credit limit or outstanding bills of a particular party. However, with the Credit Control add-on, businesses have the option to completely stop billing in these situations.
List of Features
Credit Limits Based on Period or Value
Set credit limits based on credit period (days) or credit limit (value) for your customers or vendors.
Additional Credit Period Option
Add an additional credit period along with the normal credit period for special cases or exceptions.
Billing Restriction on Overdue Credits
Restrict further billing on overdue credits to avoid bad debts or losses.
Improved Control Over Credit Limits & Outstanding Bills
Improve your control over credit limits and outstanding bills and avoid misuse or mismanagement.
Reduced Errors or Overspending
Reduce the potential for errors or overspending by controlling credit limits and outstanding bills.
Enhanced Cash Flow Management
Enhance your cash flow management by monitoring and controlling credit limits and outstanding bills.