Aptify supports the processing of cash receipts using the Cash Control Batches service. A Cash Control Batch matches cash receipts with orders, and it cannot be approved until the total of the cash receipts equals the total of the posted payments to orders. This ensures that all payments received are applied to customers' orders correctly for Accounts Receivable reporting purposes.
Once a payment has a link to an order and a Cash Control Batches record, there is a clear audit trail between an order payment and the actual cash receipt. An organization can match receipts with payments manually or automatically by importing a bank file using Aptify's Lock Box Import wizard. See Processing Cash Receipts for more information.
Related Topics
Managing Accounting and Financial Systems Integration
Understanding Accounting and Financial Systems Integration
Managing General Ledger Accounts
Determining GL Accounts for Order, Payment, and Scheduled Transactions
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