Unique Skill ID: BGS9D0AC44C13FEF8961

Cash Application

Cash Application is the process of accurately and timely posting incoming payments to an organization's accounts receivable system. It requires specialized skills such as attention to detail, organizational skills, and proficiency in accounting software. The process ensures that payments are correctly allocated to outstanding invoices and helps to keep track of outstanding balances. It is a critical function for organizations to maintain an accurate and up-to-date cash position.

This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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