Financial Planning & Analysis

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  1. Financial Planning & Analysis
  2. Process
  3. Document and receipt review
Process · Document and receipt review

Document and receipt review

Billing Operations starts with a document number, counterparty, due date and linked period. Document lines explain its total; Cash Receipts show related payment records and their status. Collections Analyst reads the bank reference and receipt status beside the document’s cash applied and balance due before reporting a collection result.

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Step by step

  1. Inspect documents Billing Operations

    Check due dates, counterparty, document status, line amounts and linked period.

    • Check due dates, counterparty, document status, line amounts and linked period.
    • Updates Accounting documents, Document lines

  2. Review cash receipts Collections Analyst

    Compare the receipt amount and bank reference with the document balance and receipt status.

    • Compare the receipt amount and bank reference with the document balance and receipt status.
    • Updates Cash receipts, Accounting documents

Where it usually breaks

And how to keep it from happening.

  • Match each receipt to the intended document and business partner.
  • Check line totals and the document balance against the same period.
  • Keep Failed receipts in the exception list until the external payment source is checked.

Who does what

Roles and permissions
Billing Operations
, Collections Analyst, Reviewer and Admin participate according to the record and access setup.

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