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It may be possible that payments are not made on time for the purchase of products or services. In commercial transactions, maturity difference is the amount added by the seller to the payment amount that cannot be made by the buyer on the agreed term verbally or in accordance with a contract.

Path: ERP > Finance - Accounting > Debt Receivable Management > Duty Difference Transactions

Note: Maturity difference, It is a practice that we can frequently encounter in the course of commercial life. This issue has to come into play, especially in economic bottlenecks or recessions, or in uncertainties in balanced cash flow planning for the business.

The application of interest difference basically occurs in two main cases;

During the purchase of goods or services
After the goods or services are received, in case the payment is not made in the agreed term

Due Difference Transactions Listing Screen

On the listing screen, the date of the interest differences created is shown. By entering the information and interest rates are listed on a list basis or on a row basis.

Due differences can be exported with the options available on the export button. You can go to the registration screen with the plus icon, and the update screen with the pen icon. First, let's examine the registration screen.

Debit Difference Transactions Registration Screen

Companies working with interest difference can easily record and control the interest difference transactions of their sales with the Maturity Difference Transactions screen. On the recording screen, filter options and transactions are listed. Let's examine the filter options area and operations section.

1. Filter; The filter options in this field are member category, customer value, subscriber category fields and the information entered to determine the recipient. These are also the fields we enter when opening a corporate account and individual account.

Recommendation: You can read our articles called "Corporate Accounts" and "Individual Accounts" to get detailed information about how the information in this field is created.

If a detailed breakdown is desired, the customer, the product sold or the project selection if the product is made within the scope of a finished project, the payment method made, the subscriber stage and status information.

What is important are the date range, calculation method, interest rate and member category fields. Suppliers make an interest calculation based on the payment method. After the information in the filtering field is filled in, open invoices are listed in the transactions field with the run button.

There are three types of calculation methods. These are:

Calculate from Payment Method
Calculate from Current Risk Information
Calculate from Maturity Difference Rate

In the Calculate Payment Method method, the calculation is made by selecting the relevant method among the payment methods defined in the system. If the calculation is selected from the maturity difference rate, the calculation is made according to the maturity difference rate defined in the parameters. Interest rates are created and edited via the Control Panel > SYSTEM > Parameters > Interest Interest Rates.

Calculation from the Current Risk Ratio is made from the risk rates defined to the supplier. For detailed information, you can read the "Customer-Supplier Risk Limits" document.

2. Transactions;

Unpaid open accounts are listed with their balances from the time the starting maturity date is selected until the end date. Balances come with the interest rate entered.

By adding receipts to selected open transactions, transactions are made to current accounts. In the transaction type field, it is determined whether it is a received or given interest invoice.

Then, the payment method must be selected, because it may be desired to make a transaction later on the interest difference. After the saving process, the transaction is reflected in the current account.

Due Interest Transactions Update Screen

Update screen, transaction control and deletion.

Recommendation: The recorded maturity difference transactions can also be checked by searching for the transaction on the Current Statement listing screen. To get detailed information, you can read our article written for the "Current Statement" page.

Note:A case study has been conducted on the maturity difference calculation. To get detailed information, you can read the "Delay Difference Calculation Case Study" document.

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Delay Interest Transactions

Types Date difference is the amount added by the seller to the payment amount that cannot be made by the buyer in the term agreed upon verbally or contractually in commercial transactions. Payment Method Can Be Calculated From Cari Risk Information ...

Type: WBO Version: Catalsyt v5 Licence: Standard Author: Workcube Core