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Credit Limit: The Credit Limit field determines the total amount of credit is being extended to the company. If no value is entered it defaults to 0 and Direct Bill receipts cannot be posted. When you enter a credit limit an AR Account is automatically opened for that Company, and Direct Bill receipts up to the available credit limit can be posted.
To Add a new Company, click Add and a new screen will appear to enter a new company. Red asterisk indicates required fields.