It may be that you want to collect an invoice in several terms. You can do this simply by creating a payment condition with Due date calculation type ´Date à end of the month + x months’, and make sure that it is linked to the relevant invoice. To set up a payment condition, go to menu path System ➔ General ➔ Countries ➔ Payment conditions. Here you can create a new payment condition or edit an existing one.
Posts Tagged ‘Collection’
It can be useful to know which user processed which payment file or collection file in your company. These bank files are created when selected payments or collections are processed via [Cash flow, Payments, Process], [Cash flow, Collections, Collection] or [Cash flow, Collections, SDD management].
SEPA Direct Debit (SDD) brings quite some number of new requirements for not only the software solutions but also for customer business processes.
A pre-notification is a message that you are obliged to send to the debtor before you perform the collection. The pre-notification should be sent at least 14 days in advance. However, an agreement can be made with the debtor that a shorter period might sufficient. You could, for instance, use the existing documentation, like the invoice. In that case, you will add a comment on the invoice that the relevant amount will be collected on the date in question.
On 1 February 2014, the Single Euro Payments Area (SEPA) will be a fact. This means that your company will need to be SEPA proof before that date. Otherwise, you will not be able to pay by bank or receive money. In this blog post, you will find information and links to relevant pages.
In the Blog post ‘How can I see who processed the payment files or collection files?’ you could read how you can see which user processed which payment files via menu path [Cash Flow, Payments, Created bank files].
SEPA Direct Debit
One of the most challenging SEPA changes is the SEPA Direct Debit.
With SEPA Direct debit, you can immediately transfer claims from the bank account of your debtor, provided you have permission of the debtor to do so.
While entering for instance a purchase invoice, an outstanding item is created with the creditor. The due date of the invoice depends on the payment condition you used in the purchase entry.