Receivables and Payables

As companies do business, they sell goods or services to customers. At the same time, companies must buy supplies or utilities in order to function. That is, businesses sell and purchase assets. These operations involve payments or payouts – documented in orders, invoices, credit notes or other statements. From an accounting perspective, they represent your accounts receivable and accounts payable – money requested from or owed to a business partner.

Payment and payout management involves the following topics:

Managing Receivables

Controlling Balances Offsetting Invoices and Credits Creating SEPA Orders for Invoices Issuing SEPA Direct Debit via EBICS Creating Payment Link Retrieving CSV Bank Data Retrieving Entries Retrieving Bank Data via EBICS Settling Open Entries Canceling Entries

Managing Overdue Receivables

Retrieving SCHUFA Score DE Managing Account Statements Managing Dunning Reminders Managing IVA Writing Off Invoices

Managing Payables

Creating SEPA Orders for Balances Issuing SEPA Credit Transfer via EBICS Collecting Payment Balances Managing Refunds