Account Receivable

Account Receivable (AR) is an essential aspect of any organization’s financial operations. It refers to the amount of money that a business is owed by its customers for the goods or services that it has provided. In order to manage AR efficiently, companies need to track invoices and payments accurately and ensure that payments are received on time.

OCS.io supports this functionality and streamlines the process by automatically pairing Incoming Payments to the relevant documents (Invoices) created in the system. In addition, OCS.io supports pairing Incoming Payments with payments made through Online Channels, which are referred to as Promise to Pay in the system. This helps to eliminate errors and save time that would otherwise be spent manually matching payments to invoices.