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- Invoice Factoring Platform
- Process
- Cash reconciliation
Cash reconciliation
Match source-identified movements and investigate balance differences.
Step by step
-
Confirm provider outcome Accounting Reviewer
Accounting Reviewer starts from a confirmed instruction backed by verified provider evidence.
- Verified settlement basis
- Updates Accounting documents, Document lines
-
Match cash movement Accounting Reviewer
The reviewer compares the provider event's account and amount with the instruction's journal lines and its occurrence date with verified provider evidence.
- Matched or unresolved source event
- Updates Cash applications, Accounting documents, Ledger accounts
-
Reconcile account balance Accounting Reviewer
Dated snapshots and signed journal lines establish expected movement for the account.
- Dated balance comparison
- Updates Account snapshots, Journal lines, Ledger accounts
-
Retain exception Accounting Reviewer
A different amount, date or account stays visible for investigation instead of being forced into a match.
- Investigable discrepancy
- Updates Cash applications, Document lines
Who does what
Roles and permissions- Accounting Reviewer
- Matches events and reconciles balances.
- Accounting Preparer
- Supplies instruction context.
- Auditor
- Reads the exception and matched evidence.
Set up Invoice Factoring Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.