Automated Cash Application

What is an Automated Cash Application?

Automated cash application (also known as automated cash posting or automated cash matching) is a process in accounting and financial management that uses technology and algorithms to match incoming payments or cash receipts with corresponding invoices or accounts receivable entries in an organization's financial records. This automation eliminates or minimizes manual effort in the reconciliation process and accelerates the application of cash to outstanding invoices. Natively built for NetSuite and powered by GenAI, ZoneCapture is an OCR and AP automation solution with automated cash application capabilities.

Related terms

Order-to-Cash (OTC or O2C)

Order-to-Cash (OTC), also sometimes referred to as Order-to-Cash Cycle (O2C), is a crucial business process encompassing all the activities involved in processing a customer order and collecting payment. It essentially tracks the journey a sale takes, from the initial moment a customer expresses interest to when the company receives the final payment.

Profit and loss (P&L) statement

A P&L, also known as a profit and loss statement or income statement, is a financial document that summarizes a company's revenue and expenses over a specific period, typically a month, quarter, or year. It shows how effectively a business is converting its sales into profits.

Revenue Recognition

Revenue recognition is an accounting principle that governs when and how a company recognizes revenue from its sales transactions.

Stripe NetSuite Integration

Yes, you can integrate Stripe with NetSuite via an app like ZonePayments, which allows you to collect customer payments and reconcile deposits directly within NetSuite while maintaining control and compliance.

Total Available Liquidity

Total available liquidity includes 100% of the cash and cash equivalents a business has on hand. It may also include a company’s borrowing capacity.

Working Capital Ratio

Working capital ratio (WCR) helps businesses assess their ability to pay current liabilities. More specifically, this liquidity metric determines how many times a company’s current assets can offset these liabilities.