What is Advanced Cash Application?
Advanced Cash Application eliminates the cumbersome steps needed to apply and post cash in the Microsoft Dynamics SL account such as streamlining and simplifying charge-backs, multiple write-offs, check level deductions, and more. ACA provides accurate receivables reporting and detailed cash application on one screen.
Key Benefits
- Seamless integration to Microsoft Dynamics SL
- Apply credit memos in Order Management
- Write off over/under payments concurrently when applying payments
- Post unapplied credit memos alongside payment application
- One screen for all cash application processes
- Multiple write offs against a single invoice
- Add a single payment across multiple AR customers
- Perform charge backs with automated adjustments and invoice closure
- User defined payment deduction types
- Check level deductions across customer
- Check level deductions – deductions not tied to a specific invoice
- Generate reports with detailed cash application activity
- Set deduction limits by user or group
- Non-receivable cash processing
- Write off any amount with expense links to Project Controller
- Use of the Microsoft Dynamics SL Object Model, for users not having Transaction Import
Add-ons for Advanced Cash Application
EDI Remmitance
Send an electronic remittance advice which will be imported, validated, and automatically processed into an Advanced Cash Application batch.
Lockbox
Import payment information received in any format from a trading partner or financial institution.
