Remittance
Remittance refers to the process of sending money from one person or entity to another, usually across international borders. It requires specialized skills, knowledge, and technologies to ensure that the money transfer is safe, secure, and...
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Account Adjustments refers to the process of reviewing and modifying account balances to correct errors, apply approved changes, or reflect updated financial information. It is used in work settings to ensure account records remain accurate, complete, and aligned with established policies and supporting documentation. This skill involves identifying discrepancies, recording authorized adjustments, and maintaining clear audit trails for financial reporting and account reconciliation.
Cash Application refers to the process of matching incoming payments to open customer invoices and recording those payments accurately in financial systems. It is used in accounts receivable operations to ensure that receipts are allocated correctly, customer balances are updated, and discrepancies are identified for follow up. The skill supports timely reconciliation, reduced unapplied cash, and accurate financial reporting.
Cash Posting refers to the process of recording and matching incoming payments to the correct customer accounts, invoices, or outstanding balances. It is used in finance and accounting operations to ensure that receipts are applied accurately, account records remain current, and payment discrepancies are identified. The skill supports efficient reconciliation, reduces posting errors, and helps maintain reliable accounts receivable records.
Collection Processes refer to the methods and procedures used to obtain payments, information, or materials from various sources in a timely and organized manner. Collection Processes enable the efficient tracking, follow-up, and resolution of outstanding items to maintain operational accuracy and financial stability. This skill involves applying systematic workflows to ensure compliance with organizational policies and regulatory requirements.
Electronic Billing refers to the process of generating and sending invoices electronically, replacing traditional paper billing methods. This skill involves the use of software and digital platforms to create, manage, and track billing documents, ensuring accuracy and efficiency in financial transactions. Knowledge of Electronic Billing is utilized to streamline payment processes, reduce administrative costs, and enhance record-keeping by automating billing workflows and facilitating timely payments.
Lightcast Skills Taxonomy
Looking for a specific skill? Search our library. Explore 35,000+ skills that we've collected from hundreds of millions of job postings, resumes, and online profiles.
The Lightcast Skills Taxonomy delivers clarity by allowing everyone to speak the same language. Use our APIs to articulate your skills needs, and leave the details to us: our dedicated team of taxonomists and engineers cleans, checks, and updates each entry so that you always have the most accurate and up-to-date picture of the labor market.
Are you a nonprofit pursuing a public good? Lightcast Skills APIs are freely available to you because we believe in using data for good and creating a labor market that works for everyone. Through the shared language of skills, we can enable a world where every worker and every job can find their best fits as efficiently and easily as possible.
Skills Hierarchy and Tags
Related Skills
Browse the most common related skills to this skill, based on the last 5 months of job postings data.
How does Lightcast define a skill?Account Adjustments refers to the process of reviewing and modifying account balances to correct errors, apply approved changes, or reflect updated financial information. It is used in work settings to ensure account records remain accurate, complete, and aligned with established policies and supporting documentation. This skill involves identifying discrepancies, recording authorized adjustments, and maintaining clear audit trails for financial reporting and account reconciliation.
Cash Application refers to the process of matching incoming payments to open customer invoices and recording those payments accurately in financial systems. It is used in accounts receivable operations to ensure that receipts are allocated correctly, customer balances are updated, and discrepancies are identified for follow up. The skill supports timely reconciliation, reduced unapplied cash, and accurate financial reporting.
Cash Posting refers to the process of recording and matching incoming payments to the correct customer accounts, invoices, or outstanding balances. It is used in finance and accounting operations to ensure that receipts are applied accurately, account records remain current, and payment discrepancies are identified. The skill supports efficient reconciliation, reduces posting errors, and helps maintain reliable accounts receivable records.
Collection Processes refer to the methods and procedures used to obtain payments, information, or materials from various sources in a timely and organized manner. Collection Processes enable the efficient tracking, follow-up, and resolution of outstanding items to maintain operational accuracy and financial stability. This skill involves applying systematic workflows to ensure compliance with organizational policies and regulatory requirements.
Electronic Billing refers to the process of generating and sending invoices electronically, replacing traditional paper billing methods. This skill involves the use of software and digital platforms to create, manage, and track billing documents, ensuring accuracy and efficiency in financial transactions. Knowledge of Electronic Billing is utilized to streamline payment processes, reduce administrative costs, and enhance record-keeping by automating billing workflows and facilitating timely payments.
Lightcast Skills Taxonomy
Looking for a specific skill? Search our library. Explore 35,000+ skills that we've collected from hundreds of millions of job postings, resumes, and online profiles.
The Lightcast Skills Taxonomy delivers clarity by allowing everyone to speak the same language. Use our APIs to articulate your skills needs, and leave the details to us: our dedicated team of taxonomists and engineers cleans, checks, and updates each entry so that you always have the most accurate and up-to-date picture of the labor market.
Are you a nonprofit pursuing a public good? Lightcast Skills APIs are freely available to you because we believe in using data for good and creating a labor market that works for everyone. Through the shared language of skills, we can enable a world where every worker and every job can find their best fits as efficiently and easily as possible.
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This skill is part of the Lightcast Skills Taxonomy, a library of over 35,000 job related skills. It is the standard used by higher education institutions, public sector organizations and Fortune 500 companies around the globe.