Remove Credit and Collections Remove Invoice Amount Remove Short Pay
article thumbnail

Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

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. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Well, it’s not.

article thumbnail

5 Tips for an Automated Cash Application Process

Gaviti

Automated cash application is the process of automating the matching of invoices to payments, such as cash, electronic payments, payment solutions, ACH, wire, checks, or credit and debit cards. This allows you to consolidate collections data and streamline A/R processes, regardless of the types of ERPs you use.