The Debit clearing module is used to retrieve and collate outstanding, payable invoices recorded in Accounts Receivable. A receipt batch is generated in Accounts Receivable, for the selected invoices and a Debit Order data file is created which is then exported to your bank as a debit order instruction. Your Bank subsequently instructs your Customer’s Banks, which extract the payments from the customer’s accounts and subsequently pay the value into your designated Bank account.

The Invoice processing creates the following:

• A Debit Order Data file which is sent to Your Bank for processing of the payments. This process can be run for different banks used by your company and each bank will have a separate Debit Order Data file.
• A receipts batch in Accpac AR

Debit Clearing includes the following features:

• Payments can be collected automatically by Debit Order.
• Invoices can be excluded from payment run.
• All unpaid invoices are selected, which fall within the selection criteria.
• Payments are automatically allocated to each invoice paid.
• Any Bank and any Bank Branch can be selected for customers.

Once a batch has been successfully processed, an AR batch is created and the bank file is also created. If the 'Auto post Receipt Batch' option is selected then the generated AR batch will be posted.

Debit Clearing is not available as a downloadable trial version from this website. To view a product demo or technical documentation, contact our Development team on Tel: +27 12 664 0200 or email: sales@acctech.biz