Cash Application Overview (Intacct)

the cash application product matches open invoice data synced from intacct against new deposits included in the daily previous day reporting (pdr) import from the bank when viewing the deposits, their suggested matches will be presented for review and approval, along with a confidence level for system matched invoices the solution supports deposit to invoice matching based on remittance emails forwarded to a client dedicated email intake address, or based on smart logic if remittance advice is not available remittance emails can contain remittance advice within the email body, or as attachments such as pdf, csv, docx, xlsx, and image files the extracted remittance data can be reviewed by the user to ensure that the deposits are matched to invoices as intended suggested matches can be approved as is, edited before approving, or removed entirely before excluding the deposit deposits without suggested matches can be manually matched to open invoices and approved or excluded as is upon approval of a match, the corresponding customer payment is posted to the erp, and the payment is applied to the associated invoices this action will also mark the customer payment as paid and trigger the associated accounting entries in the erp the product supports one to one, one to many, and many to one deposit to invoice matching short pays due to invoice early payment discount terms, bank fees levied by the sending financial institution, and foreign monetary exchange are all supported use cases all cash application activity, including new deposit matching, manual or automatic rematching, approvals, exclusions, customer payment posting, and errors are recorded and presented both in a dedicated history tab as well as a per deposit action log