Collections

Collections covers the full range of payment processing and receipt management functions available to finance staff. It includes setting up payment plans for instalment arrangements, processing in-person payments through over-the-counter and cashier receipt forms, handling post-dated cheques and overpayments, scheduling bulk credit card payment runs, processing advance payments with discount calculations, managing early payment discounts, issuing fee refunds of credit balances, recording miscellaneous receipts, reversing posted payments, and handling dishonoured cheques.