Gaviti

MARCH 27, 2024

As a result, they have increasingly turned to automated cash application to adapt to these challenges. What is Automated Cash Application? Traditionally, this cash application process has been 100% manual, consuming resources and leading to a high risk of human error. It is scalable.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

TreviPay

OCTOBER 30, 2024

Applying cash using the first-in-first-out, or FIFO, methodology doesn’t work for most customers and will create reconciliation challenges when collecting from them. Even if you apply cash FIFO for smaller customers, be prepared to meet the challenge of cash application per the customer’s instructions.

Cash Applicator 102

Cash Applicator Credit and Collections Short Pay Order to Cash 102

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130