Why is it important to apply the cash accurately:
Answers
Answered by
0
Answer:
When the seller receives payment, they need to apply the cash to track cash flow to maximize cash utilization. ... With a poor cash application process, a company will is not able to accurately monitor cash flow and capital, leading to other missed opportunities, like sales etc.
Answered by
3
Cash application is one of the most important components of any accounts receivable process. ... As the cash application process has grown more and more complex, many companies have moved to an automated process, as reducing the staff work load to reduce costs and work burnout and applying cash becomes more important.
Similar questions