Cash Applications

What are the steps involved in Cash Application & When is Cash Application comes into picture?

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nadeem

Jul 29th, 2011

Managing customers payment exceptions.

Gopal

Nov 26th, 2012

As far as I understand cash application is nothing but cash allocation. when we receive the amount from customers on the invoices which are due from them we do cash allocation (meaning we clear the paid invoices from our system). it comes into picture when we receive cash from customers.