Billing Preferences is the section where users specify their invoicing preferences. Users are required to select the following billing options:
Below is a comprehensive user manual outlining the steps to effectively utilise the Billing Preferences platform:
When the user selects the dollar icon within the sub-customer screen, it will promptly navigate them to the finance page, where they will find three distinct tabs:
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Billing Details
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Master Charges
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Billing Preferences
By utilising these tabs, users can effectively handle various financial aspects pertinent to the sub-customer account with ease and precision.
Billing Frequency: Users must choose one option from the dropdown list:
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Daily: In this option, users receive daily invoices.
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Weekly: In this option, users receive one invoice per week on Mondays.
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Bi-weekly: In this option, users receive invoices twice a month, on the 16th and 1st of each month.
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Monthly: In this option, users receive one invoice per month.
Batch Invoices: Users have two options to choose from:
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One invoice per transaction: In this option, users receive a single invoice for each transaction.
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Consolidated by transaction: In this option, users receive multiple transactions consolidated into a single invoice.
Please select your preferred billing frequency and batch invoice option accordingly.
Finance Charge: Clicking on the Finance Charge toggle button will open all applicable finance charges:
Finance Charges Applicable:
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Buffer Day: The day when the finance charge will be applied to the due amount after the due date.
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Interval Day: The difference between the first day and the next day when the finance charge applies.
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Intermediate Percentage: The percentage of finance charge that applies to the due amount.
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Intermediate Interval: The number of intervals to consider before applying a consolidated percentage.
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Final Consolidated Percentage: The consolidated percentage applied after all finance charge intervals.
In the last step, upon clicking the save button, the data will be saved, and a message will pop up to notify the user that the data has been saved.
Finance charge values once saved all the configurations will be applied to all the companies as default. On companies finance information it can be turned off or on for a specific customer, but values are driven from sub-customer only.
