Wholesale & Distribution POS: Managing Customer Credit (Udhar) Limits & Post-Dated Cheques

Wholesale trade in Pettah, Vavuniya, Kandy, and Kurunegala depends on credit. Trusted retail shop owners buy goods on 14-day or 30-day payment terms, often settling balances via post-dated cheques (PDC). However, tracking customer credit using paper diaries leads to unpaid balances and cash-flow strangulation.

Vexel POS Credit & Udhar Ledger Architecture: - **Custom Credit Limits per Customer:** Set individual credit ceilings (e.g., LKR 250,000 max). The counter terminal automatically blocks further credit sales if the customer's outstanding balance exceeds the approved threshold. - **Automated WhatsApp & SMS Statement Dispatch:** Send itemized transaction statements and overdue balance reminders directly to customer phones with a single click. - **Post-Dated Cheque (PDC) Vault:** Record incoming cheques with bank name, cheque number, and maturity date. Vexel POS alerts managers 24 hours before a cheque is due for bank deposit. - **Aging Balance Reports:** View accounts receivable grouped by 0-30 days, 31-60 days, and 90+ days overdue, allowing proactive debt recovery before debts turn delinquent.