by Patrizia Benelli

ERP Financial Project & Product Manager

The clearing of Mago.net is a very powerful and versatile tool that manages the automatic insertion of advances for overpayments as an alternative to the generation of roundings.

Everyone knows that the clearing allows you to record partial collection or payment but also to enter rebates if the amount is lower, or rounding up if the amount is higher.

In particular, every time you receive or pay an amount greater than the due, clearing considers the difference as a rounding, regardless of the surplus amount.

Perhaps not everyone knows that as an alternative to the generation of the rounding it is possible to consider the surplus as a new payment schedule of advance type which will be closed later when it will be invoiced.

To handle the generation of advances for the overpayments you have to configure properly payment schedule parameters, where you can also define the minimum amount for the generation of advance, separately for collections and payments.

To deepen the potential of the clearing and advances for overpayments you can contact your dealer reference and in addition, if you are a M.L.U. subscriber, you can go to our site and follow the course NON EXISTING PAGEMago.net - Clearing, especially the lesson on Overpayments.

by Patrizia Benelli  - ERP Financial Project & Product Manager 

Mago.net is a complete ERP software that manages the entire phase of the active cycle, from the customer quotation to the credit management and its possible recovery.

At this time of financial crisis, when banks are granting loans with more difficult, small and medium business companies could support lack of cash on hand and for this reason it is important to monitor the credit situation to inquire into the motives of the event and to decide possible corrective action.

Perhaps not everyone knows that Mago.net provides a set of reports that allows aging credit analysis. The company who uses these reports is able to identify possible critical states, also for sales area and salesperson.

The analysis period is customizable; it is possible to define the gaps in Payment Schedule Parameters and also to modify them on running every single report. Furthermore the “Short/Medium Term Receivables Arrear by Customer” report allows you in a simple way to call the detailed payment schedules of each customer by clicking the hyperlink.

To learn more about these reports you can follow the lesson Analysis reports of the eLearning course NON EXISTING PAGEMago.net - Payables and Receivables. If you are a Mago.net user, remember that you can follow this course only if your MLU contract is valid.