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The biggest responsibility of companies' finance departments is to manage cash flows in a planned, fast and effective manner. Tracking the balances of all current monetary transactions with customers, employees, suppliers, invoices, expenses, etc. Reducing the risks of delays arising from payment and collection of debt and receivable transactions such as debt and receivable transactions and ensuring income-expenditure budget balance can be monitored with debt receivable management.

With Workcube, it is possible to identify debtor and creditor companies, examine current account movements in detail, list open transactions, current aging, maturity difference transactions, separate unpaid checks/promissory notes and unpaid instructions, and report the closing of transactions according to the maturity date. As a result of all FA transactions working in 3 currencies, balances can also be tracked in 3 currencies. Reconciliation forms designed to mutually confirm current account balances at the end of certain periods are transmitted through the system. In addition, since a system is integrated with modules such as Member Management, Project Management, Sales Management, projects, branches, sales regions, customer representatives, member categories, etc. It can bring privilege to companies by tracking debts and receivables through connections.

The main purpose of tracking debts and receivables is the management of companies' actual or upcoming cash flows. In order for businesses to continue their existence, the importance given to cash flow should be much higher than the value given to turnover and profitability. While companies continue to survive for a certain period of time without operating profits, companies that do not fulfill their debts and obligations may be subject to loss of reputation and even their assets. Cash management aims to determine the amount of money required to be kept in the business without causing cash surpluses and deficits and to take measures accordingly.

Before Use

Before carrying out transactions related to Debt/Credit Management in Workcube, you must make the following definitions.

Letter of Agreement etc. templates for information
Transaction Types and Authorizations
Other FA Settings

Module Functions

Debit Receivable Breakdown
Due Difference Transactions
Payment Performance (Aging)
Payment Orders
Payment Requests
Invoice Closing Transactions
Reconciliation

Related Functions in Other Modules

Transaction Types and Authorizations
Current Account/Current Transactions (Receipt, Opening Slip, Transfer)
HR/Note (Wage Receipt)
Cash/Cash Transactions
Bank/Bank Transactions
Check - Bill of Exchange/Cheque Transactions
Check - Bill of Exchange/Note Transactions
Expense and Income/Expense and Income Vouchers
Budget/Accrual Transactions
Invoice/Invoices
Fixed Assets/Purchase – Sales Invoices
BI / Standard Reports/Collective Payment Performance

Attention
Debit and credit for document closing transactions If your finance team performs character transactions with one-to-one matching, you are closing manually. If you do not meet this definition, you can make a list, that is, close, by automatically matching the transactions on the system according to the maturity date in W3. This method on the system is called automatic closing.

Tip
As a result of your maturity difference calculations, you must determine the transaction that needs to be added on the system by selecting the transaction type from the xml settings of the relevant page! To do this, you should follow the steps on the relevant page;
Path: Control Panel> System> You can use the checkbox.

Attention
In order to keep track of project-based debits and receivables, you must choose a project with current transaction types.

Tip
Tips
Those who follow up late customers and classify their customers and sort them out by delaying The amount of receivables of companies that do not make forward sales to payers and demand delay interest for delays will decrease.

Tips

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