Remove validition of Audit file
Sometimes a company doesn't have any customer or vendor data/transactions. Only general ledger transactions have been posted in this entity. While running the Audit file (NL) an error will be thrown: Financial period X does not contain an openings balance. The root cause of this error is beca...
Category: Globalization - Regulatory features (462)
Collection fee based on a percentage of the collection letter value
In the Netherlands it is mandatory to apply the WIK (Wet Incassokosten/Law Collection Fee) on a collection. This is a fee which can be calculated based on a percentage of the outstanding balance stated on the collection letter.
The minimum fee amount is €40,- and the maximum ...
Category: Credit and collections (151)