1. Navigate to the Paid invoices under Approved invoices tab.
2. Select the invoice whose invoice due date is passed.
3. Add the reconciliation details and once the invoice is completely reconciled, the Add Delayed Payment option is available.
4. Click on Add Delayed Payment button.
5. In the delayed payment details screen select delayed fee payment date.
6. Once delayed payment fee date is selected no of past due days, total delayed payment fee and delayed payment due get auto-calculated.
7. Update the remaining fields the buyer payment amount, payment method, buyer contact and comments and submit the payment.
Partial Payments for Delayed Payments :
When the delayed payment fee is received in instalments, financier can use the Add delayed payment details option to save the details of the instalments paid by the buyer.
1. Add the first instalment details.
2. When the second instalment is paid click on the Add Delayed Payment Details to update the information. The amount paid by the buyer in first instalment is displayed on the screen along with the delayed payment due.
3. Once the details are updated, the financier can click either on Submit Payment and continue to add one more payment details.
4. Or Select Close Payment once the delayed payment fee is paid completely.
5. Clicking on Close Payment completes the process and changes Reconciliation details status to YES.