Message "City Ledger Credit Limit Exceeded"
The "City Ledger Credit Limit Exceeded" message is triggered when you attempt to post charges to a City Ledger account that has exceeded its established credit limit. This notification serves as a warning to alert you that the account's balance has surpassed the predefined credit threshold, helping you manage credit limits effectively and prevent overextension of credit for the account.
The Credit Limit is a predetermined monetary threshold that defines the maximum allowable line of credit for a City Ledger account. You can configure and adjust these credit limits within the City Ledger account profile. If you encounter a situation where the account's balance exceeds its credit limit, you have two options: either clear the outstanding balance by posting payments to bring it within the limit, or raise the credit limit to accommodate the required charges, ensuring smooth financial transactions for the account.
On VM Cloud
Go to Accounting > City Ledger > Account Listing > Choose the account
Scroll down to the Credit Information section.
The amount in the field is the maximum that is allowed to be transferred.
The Credit Limit includes every invoice already created as well as any folio pending to be invoiced in the Print Invoices section.
On VM Desktop
Go to Accounting > City Ledger > Account Listing > Choose the account
Go to the Credit Information section, at the bottom left.
The amount in the field is the maximum that was allowed to be transferred.
The Credit Limit includes every invoice already created as well as any folio pending to be invoiced in the Print Invoices section.
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