cash application

‘Applying cash’ is a term used to describe when companies are managing their Account Receivables. Another term that is used to describe this process is Cash Application. In this article, we give you the essential facts around applying cash, and why it’s so important for organizations to get it right.

Jim was a financial accountant, a whiz in Excel, budgeting, and planning. After years of working in product costing, he was “promoted” to Treasury Assistant. The world of Treasury was hugely exciting to Jim but he was warned by the previous incumbent that the bank reconciliations, a key part of the job were soul-destroying.

Digitization of AR processes has significantly reduced the collection cycle and DSO of companies that have adopted automation tools.

PayPal has been around since the late 90’s and impressively was the most used method of secure payment for online shoppers in the last 12 months. PayPal has over 300 million active users worldwide, and 87.5% of all online shoppers have used PayPal. The three main users by country are ...

To borrow from the great Mark Twain, reports of the demise of the check are greatly exaggerated. This payment instrument continues to enjoy immense popularity. Especially in North America within the Small to Medium Business (SMB) and Business to Consumer (B2C) sectors. However, it’s true that digital is the future. ...

Cashbook has over twenty years supplying Cash Application software around the world. During that time, we’ve come across many different cash automation challenges. The three key challenges of Cash Application automation are outlined below: Digitizing Remittances Lockbox services involves banks collecting checks from a designated address (usually a P.O. Box) ...

The Payments Landscape In North America, the value and volume of ACH payments have increased year on year over the last five years. In 2019, ACH volumes increased by 7.7% to 24.7 billion items, and ACH values increased by 8.9% to $55.8 trillion from the 2018 figures. The volume of ...

In the world of finance and accounting things are moving fast. Accounting processes, standards and ways of completing tasks are receiving updates more frequently. Especially in the current ‘innovation era’ and the increased advances in technology. New developments can have a large impact on your business. It may lead to ...

Ghost cards are a name given to a specific kind of bank credit card or purchasing method. They are not a real plastic card like the ones we are acquainted with. Hence the name ‘ghost’, it is precisely a credit card number that is specific to each department within a ...