The credit charging feature lets you charge late paying customers for lost interest income. Lost interest income due to customers who make late payments can reach a significant amount in the course of the year.
Note! In order
to demand interest payment on overdue invoices, there are formal requirements
that must be met in regards to the original invoice and the credit charge
invoice. Please refer to the relevant laws and regulations or contact
your accountant for more information.
In order to create a credit charge, you must first define the credit charging settings in your Mamut program. Credit charges are created through a user-friendly wizard. Read more about this here.
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