It is essential for your business to collect payments when they are overdue. Odoo will help you identify payments that are late and will allow you to send the appropriate reminders.
Normally almost all the customers will pay at the right time. Still, there are customers who keep delaying or due payment. In such cases, we have to follow them up.
Cash flow is very important in every business. If a business makes a delay in following up the due payments of customers they would end up in bad debt. This will cause an imbalance in the business which would end in the winding up of business. Therefore a proper follow-up of due payments is essential and indispensable for a business.
The enterprise edition of Odoo 15 supports the follow-up reports. This report helps a business to identify the due and delayed payments and to send appropriate reminders to the customers on due. Here we have multiple ways to remind the customers of their payment.
Go to Accounting – Customers – Follow up reports and see the customer with due and the follow-up details.
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