Debt collection settings can be found in the Management > Company info > Debt collection settings.
Collection and penal expenses
- The setting determines whether the automatic handling of collection and penal expenses is enabled. The setting is disabled by default.
Collection costs product
- The Sales product register product used for charging the collection costs is specified in the Collection costs product section. If no product is selected, the automatic handling of collection and penal expenses will be disabled.
Penal expense product
- The Sales product register product used for charging penal costs is specified in the Penal expense product section. If no product is selected, the automatic handling of collection and penal expenses will be disabled.
Penal expense date margin
- The field specifies the number of extra days permitted for payment after the due date.
Default sales invoice interest rate
- The field specifies the default penal interest rate for new customer in the Business partner register or for sales invoices created on blank templates. If no value is provided, Procountor will use the penal interest specified in currently valid legislation.
Default terms of payment for sales invoices
- The field specifies the default payment terms for new customers created in the Business partner register, sales invoices created on blank templates, and group invoices. If no value is provided, Procountor will use a default payment term of 10 days.
Collection partner
- The collection agency is selected from the Collection partner menu. The options in the menu are Maksuvahti and Ropo Capital. The selected company will be displayed in the Payment reminders for multiple invoices / transfer to debt collection view in the sales invoice search.