How to set credit limit settings for a party?

Credit limit settings is done at two stages.

STAGE I: Accounts – Master – To enter the credit amount for  the selected party

• Accounts> Masters>Ledger>Accounts Master
• Select the Party Account by typing Code or Name
• Select Tab – Limits
• Check the Credit allowed?
• Enter credit limit
• Click Save

STAGE II: To apply the above set credit limit for a particular BIZ Type

• Admin>Masters>Organisation>Checkingsettings
• Select Transaction
• Select Module e.g.,as Sales
• Select class e.g.,as Sales Invoice
• Select Biz Transaction type,  as Sales Invoice
• In the Checking setting screen grid against the field  “Credit Limit exceeds”
• To restrict saving the invoice, Select Type as Error(default)
• To show an alert message with Balance and credit limit for the party Select Type as warning
• To deactivate this setting,Select Type as No check