Automate Debtor Stop Credit
Take control of your overdue debtor accounts by automatically controlling the stop credit status of all Debtors.
The “Stop Credit” check-box on the Customers account is automatically ticked on and off by the Utility.
Schedule Status Check
Set a Schedule to Automatically check for Entered payments.
When the schedule runs it checks for any entered payments and automatically removes the stop credit status of the account allowing processing of orders.
Minimum Amount Due.
Set a minimum amount that the account needs to be overdue before being placed on stop credit.
Prevent customer complaints of being placed on stop credit because of a small outstanding amount.
Separate values can be entered for:
- Current Overdue
- 1 Month Overdue
- 3 Months Overdue
Customize when customers are placed on stop credit
Set how many days overdue before customers are placed on stop credit.
Do you allow 7 days past due? or 10 days?
The value will be set in the Installation.
MYOB Exo Aged Balances or Invoice Due Dates
Choose if you require overdue accounts to be based on the Exo Account Balances or the Due dates on Debtor Invoices.
Exclude Debtors
Enter a list of debtor accounts to exclude from the stop credit auto checks.
If you have a special arrangement with a customer you can exclude them from stop credit checks.
Temporary Stop Credit Release
Enter a Password on the debtor account to allow an invoice to be raised for a customer.
The Customer will be placed back on stop credit at the next scheduled status check.
Release for a Month
Give an administrator the authority to release a Debtor from stop credit for a month.
By entering a different password on to the Debtor account the customer will be excluded from auto stop credit updating until the start of the next month cycle.
(If you allow 7 days overdue before placing on credit hold then the accounts released for a month will return to auto stop credit on the 7th of the month)
Head Office Accounts
When a head office account is placed on stop credit all branch accounts are also placed on stop credit.
Likewise all branch accounts are released from stop credit when the head office account is paid.
Password Protection
Prevent unauthorized staff from releasing debtors from stop credit.
Password is required on the debtor account to release the stop credit status.
(Staff can still uncheck the stop credit flag but when the debtor is saved the check-box will automatically re-check itself)