Cash posting involves recording and reconciling all forms of received cash, including checks, electronic transfers, and cash payments, against corresponding invoices or accounts receivable records.
Payment posting, on the other hand, specifically refers to the process of recording payments received from customers and applying them to their respective accounts, ensuring accurate account balances and financial reporting. While both processes are integral to financial management, cash posting encompasses a broader spectrum of received funds, whereas payment posting focuses specifically on customer payments.
