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37 votes
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Charlie Cadman
supported this idea
·
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192 votes
Thanks so much for all your support and input on this idea, everyone.
We understand how helpful it’d be to have a credit limit field for suppliers in Xero, and how it could help manage cash flow and stay within agreed limits with your key suppliers.
A good workaround shared here, is to use the Notes field in the supplier's contact record to manually track their credit limit. While this doesn't automatically stop you from exceeding the limit, it's a visible reminder for your team. Additionally, regularly running the Aged Payables Summary or Detail report can help you keep an eye on what you owe and when it's due.
We know there’s a desire for this functionality, however we want to be transparent that we don’t have any plans for this in the near term, and will move this to Not in pipeline.
The idea will remain open for votes…
An error occurred while saving the comment Charlie Cadman
commented
This would be really useful, as well as being able to input a date of the last credit check. For both suppliers and customers. Part of financial due dilligence is to ensure both clients and suppliers are of sound financial standing, and the only way to do this is to carry out regular checks. Having a report to show the credit limit and date of last check is invaluable to us - this is also a requirement under ISO...
Charlie Cadman
supported this idea
·
This would be really useful, as well as being able to input a date of the last credit check. For both suppliers and customers. Part of financial due dilligence is to ensure both clients and suppliers are of sound financial standing, and the only way to do this is to carry out regular checks. Having a report to show the credit limit and date of last check is invaluable to us - this is also a requirement under ISO...