Creating Collection & Write-Off Procedures
Your collection procedures define how your organization collects overdue debt. Your write-off procedures define how your organization writes off finaled debt. In this section, we describe how to set up the data that controls these procedures.
Fastpath: For more information about collection and write-off
procedures, see The Big Picture Of Credit & Collections (C&C).
CAUTION: There are innumerable ways to design your collection
and write-off procedures. Some designs will result in easy long-term
maintenance, others will result in maintenance headaches. In this
section, we provide information to help you understand the ramifications
of the various options. Before you set up your production collection
and write-off procedures, we encourage you to gain an intuitive understanding
of these options by using the system to prototype the alternatives.
Related Topics:
Parent Topic: Defining Credit & Collections Options