#Collecting past due invoices how to#
Setting System Parameters explains how to do this, and summarizes other collector parameters available from this menu. Act as soon the foreign invoice is due Start out friendly and progress towards a more threatening tone Step 1. The grace period specifies the number of days after the invoice is due that can elapse before Oracle Sales Compensation issues a compensation transaction with a negative amount of sales credit.īefore you run your compensation system with production data, you need to activate this and other system parameters. When it comes to getting paid, B2B collections companies know that doing their research before contacting the customer is paramount. In the Collection region, enter the grace period in the Clawback Grace Days field. Navigate to the System Parameters window.ģ. If necessary, log onto the Calculator instance, or the instance that is both the Collector and Calculator.Ģ. QuickBooks can help small businesses get paid faste with comprehensive accounting and invoicing solutions. For example, if Global Computers representative Pat Smith received $1000 sales credit when he booked an order for consulting services, and another $1000 when Receivables posted the invoice to GL, Oracle Sales Compensation claws back a total of $2000 when the clawback grace period expires.įor more information on setting the amount of sales credit a given representative receives, see Distributing Compensation Across Transactions.ġ. Collect outstanding payments with QuickBooks. The amount of negative sales credit is equal to the amount of credit the salesperson has received thus far for this particular sale. The clawback grace period is a system parameter with a default of 30 days: if a cash receipt is not posted by Oracle Receivables within 30 days of the invoice due date, Oracle Sales Compensation creates a compensation transaction to take back sales credit already given. Each time you run the process to collect transactions, Oracle Sales Compensation checks whether the grace period has passed. When you specify that you want to "collect" clawback transactions, you specify a period of time, or a grace period, that the invoice is allowed to go past-due before Oracle Sales Compensation takes back compensation credit the salesperson received for the invoice transaction. The clawback event type lets you take back compensation credit for overdue customer payments (Figure 4 - 5). Collecting Past-Due Invoices (Oracle Sales Compensation Help) Making an overdue invoice call Be polite and upbeat, give the call a personal touch but remain focused, firm and assertive Get straight to the point and be.
0 kommentar(er)
