![FIN (Finance), FIN Accounts Receivable and Payable](https://i0.wp.com/www.erpqna.com/wp-content/uploads/2023/02/direct-debit-returns-in-bank-statement-20.jpg?resize=730%2C368&ssl=1)
Introduction Direct debit is a financial transaction, where the company sends the instruction to the bank to collect the payment directly from the debtor’s bank account. Properly implemented direct debit simplifies the debt collection for the company. This process is well described / documented. But as a rule, the documentation covers the regular process i.e., […]