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.