Credit limit management
Credit limit management
Company list: The page displays a list of B2B companies with their associated locations and assigned total credit limits, including these following columns:
Company - company name
Locations - show the number of locations in this company
Total credit limit - indicate the total amount of credit limit amount of all locations in this company
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Bulk add credit limit for all locations within a company
When there is a agreement, merchants can update credit information in the App Admin.
On the app sidebar, go to B2B extension.
Find Finance & Credit extension, then choose `Manage` on the Credit limit section.
Within the Credit management page, click on the Add credit limit button
Then enter the credit limit amount
This amount will be assigned as the individual credit limit for each of the company's locations.
Company credit detail
Location list: The page displays a list of locations within a specific B2B company with their assigned credit limits, including these following columns:
Location - location name
Credit limit - indicate the amount of credit limit amount of the location
Outstanding balance - the amount credit used (it represents the total value of unpaid invoices from all orders placed on net terms)
Available credit
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Add credit limit for each location of a company
Within the Company credit detail, you will find all locations listed
On each location of the company, you can enter the credit limit amount
Location credit detail
The page displays a complete history of all credit transactions, balance changes, and payment activities in a grid format.
B2B credit activities
Column
Description
Date
The date of the transaction. To display the date and time, hover over the date.
Operations
The type of activity associated with the transaction. Values: Purchased - An order was placed on net term Reimbursed - The outstanding balance was reimbursed due to order/invoice paid Reverted - The order was canceled and the amount returned to the credit balance.
Credit change
The amount of the transaction associated with the following transaction types: Purchased / Reimbursed / Reverted
Outstanding balance
It represents the value of unpaid invoices from orders placed on net terms.
Available Credit
Available credit = Credit limit - Outstanding balance.
Credit Limit
The amount of credit extended to the company location
Reference
The event that is associated with the transaction (order placed, invoice paid,...)
Automated credit validation at checkout
Implementing an automated checkout validation process that checks available credit before complete an order on Net terms. This ensures that purchases stay within a company's approved credit limit, mitigating risk for the merchant.
Navigate to Shopify admin > Settings > Checkout, then choose Customize to open Checkout and Customer account editor.
Go to the app section and select to add Block checkout by customer permission or credit limit extension.
Finally, save settings to make the extension work on live store.
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