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:

• Receivables and Payables

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  Retrieving Entries
  Importing Incoming E-Invoice
  Managing Refunds
  Canceling Entries
  Collecting Out-of-Statute Payments
  Using Cash Management Home Tab

• Payments

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  Creating SEPA Orders for Invoices
  Creating SEPA Orders for Balances
  Issuing SEPA Direct Debit via EBICS
  Issuing SEPA Credit Transfer via EBICS
  Creating Payment Link

• Overdue Receivables

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

• Reconciliation

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  Offsetting Invoices and Credits
  Working With CSV Bank Data
  Retrieving Bank Data via EBICS
  Settling Open Entries
  Controlling Balances