Hi
Delcredre Agent (DCA) is responsible for debts due by the customer. He makes payment on behalf of the customer on the third day from billing date to customer . The fund of the Del credre is retained till the time the customer pays the amount to company.
The Delcredre agent is exclusively linked to one or many customer for a specific period. This process is a formal process and agreements are entered into for the same. At any given time one customer can have only one Delcredre Agent. One Delcredre Agent may have number of customers attached to it.
On a pre determined day (at present 3rd day from billing date) after the despatch and invoicing have taken place, Company deposits the delcredre cheques for payment. The same is reflected in the Delcredre Agent’s account. The payment is linked to individual invoices of the customers. The customers ledger is NOT updated at this stage.
When the customer pays the money, the payment made by the Delcredre Agent is refunded back to him along with interest and commision for each invoice.
Any clues how to set up this in SAP?
thanks in advance
Aruna
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