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

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

SAP Credit Management

AUGUST 29, 2023

Account Determination Procedure for G/L Accounts Specifies the condition types that the system uses for a particular type of document (an invoice, for example) to determine the G/L accounts to which amounts should be posted. The column CaAc is used to specify account key for cash transactions for each billing type.

Default 147

Default Deductions Transactions Invoice Amount 147

Your Virtual Credit Manager

OCTOBER 25, 2022

When invoices are paid in full, the payment is easily matched to the open invoice(s), the invoice status is then changed from “open” to “paid,” and ultimately is no longer visible on the customer’s account in your AR Ledger. Transaction completed and closed.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Emagia

NOVEMBER 21, 2024

By routinely comparing and reviewing transaction records, organizations can detect anomalies or potential fraudulent activities that may otherwise go unnoticed. The practice of reconciling accounts involves analyzing account balances, reviewing transaction histories, and ensuring all financial activities are appropriately recorded.

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Gaviti

MARCH 27, 2024

Increased globalization and cross-border transactions, a proliferation of diverse payment channels and methods, and rising customer expectations are creating more complex business environments for accounts receivable teams. As a result, they have increasingly turned to automated cash application to adapt to these challenges. Reconciliation.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Your Virtual Credit Manager

MAY 23, 2023

If a customer regularly pays late, constantly takes payment deductions, generates a high return volume, or constantly raises disputes, your net profits will be negatively affected. A high volume of payment deductions will cause profit dilution. The issue with problematic customers is profit dilution.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49

Fundera

SEPTEMBER 28, 2017

This is a good option if you’re running a retail business or deal with a lot of credit card transactions. The upside is that you won’t have to worry about making active payments as they are automatically deducted. Maximum loan amount : $2,500-$250,000. Maximum loan amount : $2,500-$250,000. Invoice Financing.

Invoice Amount 76

Invoice Amount Deductions Small Businesses Default 76