| # Function: Credit control In this function, all activities that are required to control your AR open entries are carried out. You can, for example, process reactions from your customer with regard to the invoices or open entries. You must perform aging analysis, remind customers, and/or set invoices to Doubtful in case you doubt you will receive the money. Process: Credit control execution (code: MAR01a) The objective of this process is to monitor the timely payment of your invoices. You can perform actions to ensure or speed up the payment. For example, you can create dunning letters and block sales orders. Operations included in this variant are the following: Perform inquiries. Remind customers: select invoices for reminding, reminder advice, and reminder diary. Set invoices to doubtful: set invoice to doubtful and finalize transactions. Write off payment differences and finalize transactions. Create business partner statements. Maintain invoice corrections: create corrections for finalized and non-finalized transactions, and finalize transactions. Change invoice data. Assumptions: No assumptions apply in this case. IT support: LN Financials, Accounts Receivable LN Central Invoicing, Sales Invoicing LN Financials, General Ledger LN Financials, Cash Management (CMG) |