My company has 2 mode of payment method. 1- is resudial
method and 2. is partial method. Now the scenario was I
have to clear the customer, which haven't made payment
within the specified time, in that case I have to charge
interest on that customer. Now, the question is that which
mode of payment should I follow to clear that customer.What
will be the appropriate payment method inrespect of company
rules? and plz. give the reason.
Answer / narahari1234
Normally in the company's when the are clearing the payment
they will use standard payment so in your company if u dont
have that option or else rights then payment need to pay
like last partial payment bcoz residual payment will use
when agreement will closed, so at last residual payment
will use for reagreement not for payment clearing.
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