What It Does
The Payments module records and manages customer payments, maintaining accurate receivable balances while providing complete payment history.
Major Features
Payment Recording
- Check payment entry
- Electronic payment import
- Cash payment recording
- Credit card processing
- Payment batch processing
Payment Application
- Invoice matching
- Automatic application by rules
- Manual application override
- Partial payment handling
- On-account payment tracking
What Users Can Do
Cash application teams can record payments and apply them to invoices. Finance teams can reconcile payments and track cash position. Customer service can reference payment history.
Business Benefits
Cash Visibility
Accurate payment recording provides real-time cash position
Customer Accuracy
Proper application maintains accurate customer balances
Efficiency
Batch processing and automatic application reduce processing effort
Reconciliation
Payment tracking supports accurate financial records
Offline Mode Operation
Payment history is available offline for reference. Payment recording requires connectivity for financial accuracy.
Real-World Applications
High-Volume Retailer
Processes thousands of electronic payments daily
B2B Distributor
Manages check payments with batch processing
Automatic payment matching reduces application time by 70%
Automation Capabilities
Ready to Get Started?
Experience the power of Payments with a free demo of our platform.