The Cash Application (advanced) module allows you to allocate incoming payments to outstanding invoices, ensuring the accurate and timely application of cash receipts, helping to reduce errors, improve cash flow management, and enhance customer satisfaction
The module automates the process of allocating payments to invoices, using various techniques, such as data matching, pattern recognition, and machine learning.
Enabling Cash Application Advanced
Contact support@yaypay.com or your YayPay account rep to activate the Cash Application (advanced) module for you.
Working with Cash Application
The following steps outline how to work with the Cash Application (advanced) module:
- Configure the module to suit your business needs.
Learn how to do that in the Cash Application Settings article. - Load payment data into YayPay.
Learn how to do that in the Payments in Cash Application article. - Load remittance advice data into YayPay to help you with payment allocations.
Learn how to do that in the Remittances in Cash Application article. - Learn how YayPay automatically allocates payments to invoices.
See the Payments Allocations article. - Allocate payments to invoices manually in cases where automatic allocation is not possible.
Learn how to do that in the Payments Allocations article. - Allocate remittances to invoices to support the automatic payment allocation process.
Learn how to do that in the Remittances Allocations article.
