Automatic payment matching

Automatic posting is a feature that automatically matches received payments with the corresponding invoices based on the amount, reference number, or customer.

Example

The bank receives a wire transfer of €2,340 with the reference “FA-1024.” The software matches it to invoice FA-1024 and marks it as paid, without requiring manual entry.

Why It’s Important

It saves a lot of time and prevents you from sending a reminder to a customer who has already paid. The reminder data is always up to date.

For more information: the Order-to-Cash Guide.

See also: account reconciliation, dynamic aged balance, payment link.