Financial

Payments are built around the invoicing engine, although it is not necessary to issue these unless required.

The payment terms define the amount of scheduled payments due per policy, any staged payment surcharge is added based on the settings entered into the master policy record.

Policies can be raised in any approved currency and links to Countries and their tax rates is included.

The Invoice Schedule allows monthly payment chasing or recording, which has proven to improve cash flow in comparison to issuing a single invoice with future payment dates listed.

Payments In Action

Payments received are entered within the Accounts tab in each contact or organisation record.

Money can be automatically allocated to outstanding invoices or manually allocated to one or more invoices.

Outstanding invoices are displayed by default, but all invoices and invoices by date range can also be listed, with invoice amount, paid and balance totalled.