About this role
Brief Overview of the Process - Cash Application is the process of matching incoming payments to customer invoices to ensure accurate accounting and maintain healthy cash flow. It involves applying payments, reconciling accounts, and resolving discrepancies.
• Accurately apply incoming payments (checks, ACH, wire transfers) to customer accounts. • Match payments to invoices using ERP systems and bank portals. • Perform daily, weekly, and monthly reconciliations of cash receipts. • Investigate and resolve discrepancies between payments and invoices. • Collaborate with internal teams (Accounts Receivable, Collections, Payables) to resolve payment issues. • Ensure proper documentation of all cash application activities for audit purposes. • Adhere to company policies and SOX/internal controls related to cash handling. • Support internal and external audits by providing necessary documentation. • Identify opportunities for automation and process enhancements.
Graduate 2 - 5 Years