Receipt to application

Step by step

1. Capture verified receipt Cash Reconciler

   Cash Reconciler imports a unique provider event for the business partner and records its received amount and date.

   • Retains provider event and confirmed amount
   • Updates Cash receipts, Business partners

2. Find posted document Cash Reconciler

   The reconciler selects a posted accounting document with an outstanding amount for that partner.

   • Selects eligible obligation
   • Updates Accounting documents, Cash receipts

3. Check remaining amounts Cash Reconciler

   The proposed application must be positive and no greater than either the unused receipt or the document balance.

   • Prevents excess allocation
   • Updates Cash applications, Cash receipts, Accounting documents

4. Apply verified cash Cash Reconciler

   The cash application links receipt and document, with its actual amount and date.

   • Records applied amount once
   • Updates Cash applications, Operation receipts

5. Reconcile result Operations Manager

   The team compares receipt amount, applied amount and remaining obligation without converting rent due into collected cash.

   • Shows collected and remaining amounts
   • Updates Cash applications, Accounting documents

Cash Reconciler

Captures and applies cash.

Operations Manager

Inspects exceptions.

Ledger Accountant

Verifies the document's posted context.