Charge on Overdue Invoice & eMail Remainder

Dunning Process

Dunning is an extra charge, charged by the company to the customer as a result of non payment of amount due on a particular date.

Key Features:

1. Can calculate fixed charge or percentage charge on outstanding payment amount.

2. Accounting for dunning charge fee.

3. Several levels of dunning charge.

4. Easily review the overdue records on different level.

5. Dunning letter can be emailed with outstanding invoice detail.

6. Send remainder mail to the customer frequently.

Configuration

Before Run Dunning, make sure that "Allow Dunning Process" field is set to True to create Dunning charge Account under Accounting's Settings menu.

Dunning

Create different level.

Name: Specify the level of dunning.

Sequence level: Set the sequence of execution.

Days after Due Date: Enter the number of days, you wants to check after due date.(Example)invoice due date as 20Feb, still today they didn’t pay amount, check condition 20Feb+10days is fall under current date .It will consider the record and allow to send dunning letter.

Days between Due: Send remainder mail 2 days once.

Charge Fee: Apply the extra amount to amount due on percentage or fixed amount basis.

Email Template: User can define different email template for each level.

Dunning Report

Generate the overdue records with group by customer on different levels.