Solutions / Owner Bill to Cash

Owner Bill to Cash

  • Follow integrated process #5, Contract to Billing, to point of posting draw/invoice
  • Received payment from customer
  • Make bank deposit
  • Apply payment to open receivables:
    • Import lockbox ( if applicable)
    • Enter payment information
    • Deposit date, received date, check date
    • Customer, amount, check number
    • Select open invoices to apply payment, or
    • If unknown, enter as Deposit on Account
    • Once open items have been identified, recall deposit and apply against open items.
  • Run edit list to review data
  • Post receipts

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