Manage the collections

Last modified: March 14, 2023
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About Collections

The collection is a term used by a business when referring to money owed to that business by a customer.  When a customer does not pay the business within the terms specified, the amount of the bill becomes past due.

Why is the collections important to a business?

  • By generating enough cash, a business can meet its everyday business needs and avoid taking on debt.
  • Knowing the customers’ account status and payment habits helps businesses understand the customer better.
  • As a seller, you will be more motivated to sell to credit-worthy customers.

The purpose of exporting the data

  • Tally the transaction with the statement of the payment gateway or bank statement.
  • You will have a figure for each payment method, which are Offline payment & Online payment.
  • The collections made of the day could be made for the order created in the previous month.

To export the payments

Step 1: Go to Payments from the menu on the left.

Step 2: Filter the payment types, payment created date/time, or the payment updated date/time for refining the search.

Step 3: Click on the button ‘Export‘ and get the sum of payment received or the detail from the CSV file.

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