Contacts - Credit limits for purchases
Adding a 'credit limit amount' to the 'Purchase defaults' section of Contacts would be very useful.
I have accounts with several suppliers with a credit limit. It would be very handy if I could see that credit limit in Xero and either put a stop on placing orders until I have reduced the balance and/or a simple reminder that I am approaching or over the limit.
The 'credit limit amount' is available in 'Sales defaults' but not 'Purchase defaults' which seems to be an odd omission.
Bryan Peterson
shared this idea
Thanks for sharing your thoughts on this idea. We appreciate you explaining how the ability to record a purchase credit limit could make a difference in your day-to-day work.
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Tim Sparkman
commented
Many businesses need to closely monitor credit limits and agreed exposure thresholds set by their key suppliers to manage cash flow effectively, avoid shipment holds, and satisfy standard audit/internal control requirements. This would be super handy to have!
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Martina Verescakova
commented
I have various credit limits set up with my suppliers and they do change. It would be nice to have them always up-to-date in XERO.
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Pat Herman
commented
needed!
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Ellie Smith
commented
This would be very useful, we don't provide credit limits to our customers, but we have credit limits from 90% of our suppliers. Unsure why it was never an option from the start to input credit limit for the suppliers / purchase defaults.
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Richie Carrigan
commented
Very useful addition. Please implement
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Rachel Williams
commented
this would be very very useful, so i don't have to keep it in my head for each supplier