Cash Application

Job one for many AR departments is getting the cash in; applying the cash and clearing paid invoices from the system is an “after step” to receiving and collecting, but it is a critical step.… Read More

Managing an AR department requires the continuous tracking of metrics in four categories:  Business Trends: What’s happening in the economy that will affect your ability to collect? Team… Read More

Disputed charges and short payments are issues that every AR professional constantly grapples with. We asked IOFM Senior Trainer Judy Bicking about the biggest issues and the best ways for AR… Read More

Offering customers payment options that makes it easier to do business with your company is a smart strategy. Recently, KHS Bicycles (Rancho Dominguez, CA) discovered this firsthand as they added ACH… Read More

When a company’s customer base is growing by leaps and bounds and its ERP system is highly complex, posting invoice payments can be a time-consuming process for Accounts Receivable. This was the

… Read More

Cash application—the process of matching customer payments to the corresponding invoices—must be performed accurately and quickly. If it’s not, the consequences can include mismatched payments… Read More