Gaviti

FEBRUARY 20, 2023

It can also happen when a customer is credited with too much money, leading to an overpayment that is not deducted from their total outstanding balance. But if the amount is not applied to an invoice or deducted from their total outstanding balance, this can lead to a negative account balance in your books.

Credit and Collections 52

Credit and Collections Deductions Bad Debt Payment Portals 52

Fundera

JULY 19, 2018

To ensure compliance, you’ll need to file these forms and note any pertinent deductions online through each state revenue department or tax office’s respective website. If you run a custom-built website or payment portal, you should get in contact with your webmaster or developer immediately to integrate support for different sales tax rates.

Payment Portals 52

Payment Portals Transactions Deductions 52

Gaviti

APRIL 11, 2024

Disputes and deductions. For example, some might prefer to pay in person via credit or debit card. Others might like to pay online. Send online credit applications to existing and potential customers to evaluate customer’s creditworthiness. Collaborate between departments to resolve disputes effectively.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

JULY 11, 2024

Automate the matching of invoices to payments, eliminating human error involved with manual matching and accelerating the bank reconciliation process. When customers make payments using an automated A/R solutions customer payment portal, it also matches customer payment with the corresponding invoice with increased accuracy.

DSO 52

DSO AR Automation Credit and Collections Invoice to Cash 52

Gaviti

JUNE 10, 2024

Intelligent routing may also include payment redirection for alternative options in the event of operational disruption or downtime. For example, it can automate payment reconciliation, payment workflows, A/R collections, reminders and confirmation. Talk to us and see if a payment portal can help your business.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Gaviti

JULY 25, 2024

Its comprehensive solution includes customer invoice distribution, disputes and deduction management, credit monitoring and management, and cash application. The cash application module includes: Automated payment matching. Automate the process of matching customer payments with corresponding open invoices.

Cash Applicator 52

Cash Applicator DSO Payment Portals Credit and Collections 52

Gaviti

NOVEMBER 27, 2023

Disputes within account receivables can lead to delayed payments, strained customer relationships and unforeseen cash flow problems. In many cases, they lead to deductions, so your A/R team needs a process that supports deductions as well. Disputes often lead to two different types of deductions: earned and claims.

Invoice Disputes 52

Invoice Disputes Credit and Collections Deductions Invoice to Cash 52