LearningCat: Cash Application

Recording Customer Payments
It is essential for Indian businesses to effectively manage customer payments under Accounts Payable (AP) and Accounts Receivable (AR). The primary goal is to monitor the debts owed by customers as well as those owed by the company to third parties. This impacts profitability, cash flow, and overall financial well-being. It is essential to understand […]
Mastering the Basics of Matching Invoices in Accounts Receivables
When it comes to accounting, matching invoices with payments is a task you can’t ignore. It’s a key part of managing accounts receivable (AR) and keeping cash flow on track. If you don’t handle this properly, things can quickly spiral out of control—unhappy customers, messed-up financial records, and big problems during audits. But once you […]
How to Deal with Discrepancies in Accounts Receivables
Managing accounts receivable may appear like a simple task: issue the invoice, get payment, and move on. However, things are rarely so easy in practice. Errors occur. Payments are made later than scheduled, invoices and payments don’t match. These are known as inconsistencies, and if you don’t take prompt action, they can negatively impact your […]