Senior Executive-Order to Cash-Cash Application

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