FastCash Application for IFM

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FastCash Application for IFM
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FastCash Application for IFM

• Purpose
• High Speed Cash Application
• Deduction Management
• Create Credits, not Unapplied Cash
• Pre-defined write-off accounts
• Special Needs

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The Functions

• Deduction Type Table
• Writeoffs
• Deductions (bill back to customer)
• High Efficiency Cash Application
• When human touch is absolutely necessary

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Deduction / Write-off Types
Option 22 To access the Deduction Codes
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Predefine Write-off accounts with Unit /Nature
or Deduction / Credit Reason Codes
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Adding Reason Codes and Unit/Nature
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Addressing Customer Requirements

• Integration
• IFM Legacy Bridge
• Code is outside IFM
• Utilizes IFM functions where possible
• User Defaults
• Financial division
• Cashbook
• Ledger

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Applying Cash
AR Menu Option 22
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Defaults
Enter deposit amount, Check Count, Reference
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Entity, Check Amount, Check number Press enter to
begin
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Enter the invoice number to clear
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The invoice amount appears for approval along
with discounts if available Press enter to Accept
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Next Invoice
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Negative balance indicates the customer has short
paid the invoices A deduction may appear on the
remittance.
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Just enter the Deduction number with an and
fast cash will record the transaction.
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When the cash receipt balances your ready for the
next check
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Lookup Invoices with F10
F18 by Packing Slip Number
F10 allows you to review and select open invoices
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You can display entry details anytime
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F5 Displays the Checks Summary For changes or
deletions
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Alias Search from FastCash
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Allocation Entities
Multi Company Allocation Entities are Supported
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Use the key to create a write-off using
pre-defined codes
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Write offs
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Credits
Over payments are converted to credits or
un-applied cash. You decide.
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The credit can be applied later, within FastCash.
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Fastcash supports Control totals to insure
accuracy and reduce errors.
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Summary

• Speed
• Flexibility
• Reduce lost Receivables
• Improve tracking

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FastCash Application for IFM

• CISTECH, Inc.