What is advance payment limit and what to do if customer breaching advance payment limit

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Advance payment limit is the maximum amount a customer can pay in advance. If breached, action must be taken to rectify the situation.

Advance payment limit is set to ensure that customers do not overpay for goods or services.
If a customer breaches the limit, they must be notified immediately and asked to rectify the situation.
The action taken will depend on the company's policy and the severity of the breach.
Examples of actions that can be taken include suspending further orders until the breach is rectified, or cancelling the order altogether.
It is important to have clear communication with the customer and to document all actions taken.
Regular monitoring of advance payment limits can help prevent breaches and ensure smooth operations.