Cash Application

By Prakash HariharanCash Application is an important sub-process within the end-to-end Order to Cash process. An under-performing Cash Application function impacts important outcomes such as cash

By Prakash HariharanAs AR pros focused on enhancing cash and working capital management are well aware, Cash Application is a critical sub-process within the end-to-end Order to Cash process. An

The daily dash to the bank to deposit a stack of checks is so last century! Waiting in long lines, the danger of losing the paper checks and the loss of valuable time are old business practices, and

Check 21 Summary Effective date: October 28, 2004 What it does: Authorizes a new negotiable instrument called a substitute check or image replacement document (IRD) Purpose: improve efficiency of

Reduce Deductions from the Start As you sort the day's mail, you see the invoice and check you have been waiting for, but your excitement evaporates when you realize that the amount paid doesn't

Several years ago when Glenna Mileson was working in accounts receivable, she received a check from an arts organization that was short. They had paid some - but not all - of the invoiced amount. So

As products and services flow down a supply chain, transactions along the way are invoiced. Often, however, the customer remits less than the invoice amount citing some reason to justify short paying

The workload for a standard collections department is typically divided into two facets: the collection of receivables past due for slow paying customers and the resolution and/or collection of

A lockbox is created by setting up a special post office box that is separate from your standard business address. Typically, the post office box location should be situated in a location nearest