Applying Cash Automatically

There are different methods to automatically apply payments to open items. The following procedures describe how to apply cash automatically using each method.

Open item customers can use any automatic cash application method. National account relationships can use only the balance forward and transaction match methods. The program creates a report by batch and sequence number within each batch, and includes both batch and report totals.

Automatic Cash Application Audit (AR130) has two tabs: Selection, where you define application selection parameters, and Algorithm, where you select parameters used in cash application.

Automatic cash applications can be reversed using the reversal programs. Maintaining cash

The payments and their remittance advice must be loaded into the application using Lock Box Interface (AR570), Payment Interface (AR580), Payment1 Interface (AR575), or during cash entry in Cash Remittance (AR21.4).