What is Cash Application?
What does 'Cash Application' mean?
Matching incoming customer payments to the open invoices they are meant to settle, so accounts receivable reflects what has actually been paid. It becomes difficult when a single payment covers many invoices, arrives short, or comes with remittance advice in a separate file or email. Automated cash application reads the remittance data and matches it, leaving only exceptions for a person to resolve.
List of software with Cash Application functionality
About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].