The Direct Debits App
The standard direct debit process within Business Central involves three initial setup steps which are:
- Set up the export format of the bank file that instructs your bank to perform a direct debit.
- Set up the customer’s payment method.
- set up the direct-debit mandate that reflects your agreement with the customer to collect their payments in a certain agreement period.
The Sysco app for direct debits enhances the standard functionality by exporting the file in summary format which means that if a customer has 14 invoices due for payment, then one record will be created for the total amount due. The benefit of this is that the customer will see one entry on their bank for the direct debit collection and within the bank reconciliation in Business Central there will also be one entry to match instead of 14.
One entry exported with total to be collected.
The addition of a direct debit notification report can be emailed to the customer detailed the individual transactions that make up the total collected.
