AR cash application refers to the process of applying received payments to specific customer accounts within the accounts receivable system. It involves matching incoming payments with outstanding invoices or credit memos to accurately reflect the financial transactions. This ensures that customer balances are updated correctly and helps in maintaining an accurate record of the organization’s financial status.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Optimizing your Order-to-Cash Operations to Enhance Working Capital
Roadmap to the Future: Order-To-Cash for the Next Decade
Improving Order-To-Cash Efficiency Using Emagia Analytics
Digital Receivables: Keeping the Customer and Maximizing Cash Flow
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
