Understanding Invoice Processing for Brazil

In Brazil, businesses remit customer invoice information, including interest rates for amounts that are past due, to banks for collection. Banks attempt to collect on the invoices and return collection information so that the businesses can update Accounts Receivable information.

You can use the base software to process invoices for customers. When you enter invoices, the system automatically associates the invoice with the additional information that the Brazilian bank requires to be collected on the invoice. This additional information is based on the A/R Brazilian Tag Maintenance country server and user-defined codes.