If Payment on Account is enabled in the configuration, companies can make purchases on their account up to the credit limit that is granted to the company. When enabled, customers can check the status of their company credit from their account dashboard.
You can set the following credit-related parameters for each company profile:
- Credit Currency
- Credit Limit
- Allow to Exceed Credit Limit
- Reason for Change
If the company has an outstanding balance, a notice to the store administrator appears at the top of the sales order when it is viewed from the Admin. To learn more, see Creating a Company Account.