Summary
Receivables Management in Business Central helps you to manage your collections processes, in addition to helping ease your task of creating and combining reminders and finance charge memos.
With reminders, you would typically remind customers of overdue invoices. First, you must create reminder terms that have different levels. For each level, you can specify an additional fee that you want to charge to your customers.
Based on how long an invoice is overdue and how many reminders that the customer has already received, the program creates reminders for different levels that you can then issue and send to your customers.
Most companies need to manage their collections processes in an efficient and automated way. That’s why it is important to have a good understanding of how to set up, create, and issue reminders.