Accounting
Your finance, receivables, and accounting teams will thank you for choosing Debtrak's robust suite of accounting features, allowing them to easily track balances, issue accurate invoices, manage incoming payments, and more providing a seamless debt collection experience.
Payments
Payment allocations- Easily manage comprehensive payment allocations, including automatically calculating principal, interest, adjustments, and costs streamlining your debt recovery process.
- Customisation
- Design your payment allocations at client, entity, and account levels with our fully customisable debt collection solution
- Payment management
- Effortlessly manage the order of payments, such as merchant fees first, then letter cost, followed by principal, then interest, and so forth
- Pause / resume
- Pause and resume payments depending on the customer's financial position
- Automatic recording
- Automatically record all transaction types at a nominated frequency
- Multiple payment methods
- Accept payments via major gateways, including Bambora, Eway, Cybersource, and Braintree
Commissions
- Commission calculation
- Calculate commissions based on set rules (e.g. flat rate, multiple rates, variable fees, time-based rates)
- Upfront commission
- Change commissions upfront, as a cost to the customer, or with tax
- Multi currencies
- Support payments and commissions in multiple currencies
- Maximum limit
- Automatically stop charging commissions when the maximum amount is reached
Trust accounting
- Payment separation
- Organise customer payments to be made to one or more trust accounts
- Reconciliation
- Reconcile trust accounts easily
- Transfer automation
- Automate trust transfers to clients and host agencies
- Trust balance
- Contra trust balances on a client or entity basis for commissions and costs
- Multiple payment types
- Distinguish between customer payments made directly to the client or transferred into a trust
Cost accounting
- Margin calculation
- Effortlessly calculate your costs and profit margins with a three-tier master cost accounting system
- Cost management
- Easily manage your deferred costs, subsidised costs, and other costs unrelated to accounts, like client subscription costs
Debtrak is a key component in Operational Excellence. The system automates and simplifies many of our processes allowing our people to focus on what they do best, connect with customers. It also allows us to create our own value adds and tailor the system to our various client’s requirements. Since the system was implemented our business has gone from strength to strength.
Alisa Butler
QBE
Want to learn more?
Connect with our team to see Debtrak in action and have all your questions answered.