Direct Debits

Direct Debits are used where the organisation has authority from Debtors to deduct funds from their bank account to settle their debt with the organisation. The organisation will also need to have a direct debit facility available on their desk bank software with their respective banking institution.

To open the Direct Debit window, select Direct Debits from the Account menu of the Exo Finance module.

Direct Debits are handled in batches. A new batch can be saved as an "Open" batch, which can be edited at any point until it is "Confirmed". When a batch is saved, there is an option to print an audit report. Confirmed batches can be consolidated to a single batch if required.