Remove Deductions 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

In contrast with manual cash application, automated cash application can process invoices 24-7, reducing friction in the payment processing as they expand their customer base. Proactively manage A/R according to predictions of future behavior, such as which companies are more likely to pay late. It is more accurate.