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With the Debt Receivable Management module, debit and receivable breakdown can be done, payment performance (aging), invoice closing process, payment requests and orders, interest difference transactions and reconciliation can be done. There are changes that can be made parametrically regarding the working method of these pages.

Path: Control Panel > System > Parameters > Debit Credit Management

Attention: Parameters related to the Debit Credit Management module should only be changed by experts in the field. Otherwise, even if the change is small, problems will occur in the calculations.

Workcube Debt Receivable Management module contains many comprehensive and detailed transactions. These transactions include payment performance (aging), invoice closing, payment requests and orders, and maturity difference. The way each business operates may differ. For example, the payment methods used by an institution may be a few or dozens. At the same time, interest rates may vary depending on the payment method. Such parametric adjustments can easily be made by experts.

Delay Difference Rates

There are multiple payment methods that can be used with Workcube. These payment methods are mainly credit card, promissory note, check and money order. In transactions made with these methods, interest rates can be determined differently for each of them.

The number of months for a maturity interest rate, what its average maturity is and how much the rate will be can be defined differently for each payment method, if desired.

For more information, see the article titled "Debit Difference Transactions" can be read.

Payment Methods

Methods of payments to be made in the system are determined on this page. First of all, the methods specified in this parameter can be listed under the headings of payment method, average maturity, number of installments, down payment rate, interest rate and payment instrument.

Now let's take a look at the definitions that must be given when defining a payment method.

Selection Boxes: If the payment method is actively used, the "Active" box must be checked. "Partner" and "Public" selections determine where payment methods will be valid. With the option "Postpone the Maturity to the First Business Day for General Holidays and Weekend Holidays", the maturity date is postponed after the holidays.
Payment Method and Form Code: A definition is entered for the payment method to be defined. The code of this payment method is selected. The payment method code is sent in xml in e-invoice and e-archive invoices.
Down Payment Rate %: Down payment rate is defined as a percentage value in this field. In cash payment methods, the down payment rate is entered as 100%.
Debit Difference Ratio %/Month: The monthly percentage interest rate must be entered in this field.
Early Payment Discount %: If any payment is made before the maturity date, a certain percentage discount is due to this early payment.
Average Maturity and Installments: How long the average maturity will be and how many installments it will consist of are indicated in these fields. If the dates of the installments are selected and the "Business Day" option is selected, the due dates will come on business days and not on holidays.
Delay Interest: If a maturity date is delayed, the percentage of interest resulting from this delay is determined here. It can be determined how many days after the maturity date this delay interest will become effective.
Maturity Details: It can be determined how many days and months later the maturity will begin and whether the maturity will start at the end of the month or the beginning of the month. The weekday on which the maturity will begin is also selected from this field. If you want to enter an explanation about this payment method, this can also be added.
Interest: How the interest will be determined can be determined with the options here.
Payment Method: The payment method is selected from this field. If the DBS payment method is selected, a bank must also be selected. One of the banks registered in the system can be selected from the field on the left that appears when this option is selected.
Currency: Workcube can work with multiple currencies and transactions can be made with 3 currencies at the same time. In this field, the currency associated with the payment method is selected.
Related Companies: Which companies the payment method will be valid for in the system is selected in this field.

Note: There is detailed content about each of the payment methods. You can read the articles titled "Check Transactions" for cheques, "Notice Transactions" for promissory notes, "Incoming and Outgoing Transfer" for money order, "Cash Payment" for cash, "DBS Limits" for DBS, "Credit Card Payment/Collection Methods" for credit cards.

It is also recommended to read the articles titled "Payment Requests" and "Payment Orders".

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About Workcube Objects

Delay Interest Rates

The maturity difference rates to be used and calculated for credit card, check, promissory note and money transfer transactions are entered.

Type: Param Version: Catalyst v7 Licence: Standard Author: Workcube Core