Making System-Wide Billing Settings

The Parallels Business Automation - Standard provides the powerful and flexible billing system that allows:

• System-wide currency in the Configuration Director - Miscellaneous Settings - Regional Settings.
• Setting the starting reference numbers and both prefixes and suffixes for financial document numbers (invoices, orders, payments, adjustments, and payment requests) in the Billing Director - Settings - Documents numbering. This setting allows adjusting the Parallels Business Automation - Standard accounting to suit specific accounting requirements.
• Adding subscription periods in the Billing Director - Settings - Subscription Periods.
• Setting the mode of credit adjustments automated generation and invoices handling under Billing Director - Settings - Invoice Settings.
• Creating different discount categories in the Billing Director - Discount Manager.
• Creating and using Different credit terms that can be assigned per account and define the order of settlements in the Account Director - Subscription Manager.
• Flexible taxation with ability to use the EU Tax Exemption Code in the Billing Director - Taxation Manager.
• Ability to automatically apply unused customer payments. This setting can be allowed as a system-wide one in the Commerce Director - Payment Processing - General Configuration and later enabled or disabled for each particular offline payment.
• Configuring and enabling the fraud screening filters in the Commerce Director - Anti-Fraud Manager.
• Configuring the recurring billing in the Commerce Director - Payment Processing and Commerce Director - Online Payments - Setup with the fine-grained transactions approval tools.

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