What is 'credit limit' in SAP SRD-CRM-ACC - FDN-Account Management?

credit limit - Overview

• Component: SRD-CRM-ACC

• Component Name: FDN-Account Management

• Description: The maximum amount granted to a customer for the deferred payment of goods and services.

credit limit - Details

• 
  Key Concepts: 
  Credit limit is a feature in SAP that allows customers to set a maximum amount of credit that can be extended to a customer. This helps to ensure that customers do not exceed their credit limit and incur additional costs. 
  
  How to use it: 
  In order to use the credit limit feature, customers must first set up a credit limit for each customer in the system. This can be done by entering the customer’s credit limit in the “Credit Limit” field in the Account Management component of SAP. Once the credit limit is set, customers can then monitor their customer’s credit usage and adjust the credit limit as needed. 
  
  Tips & Tricks: 
  It is important to keep an eye on customer’s credit usage and adjust the credit limit accordingly. This will help to ensure that customers do not exceed their credit limit and incur additional costs. 
  
  Related Information: 
  For more information on setting up and managing customer’s credit limits in SAP, please refer to the SAP Help documentation for the Account Management component of SAP.