Automatic payment posting

Automatic payment posting using Toscana ERP not only saves time but also reduces the risk of errors associated with manual data entry. It improves the efficiency of your accounts receivable processes and ensures that your financial records are accurate and up-to-date. We will shortly explain how the system for automatic payment posting works. Our system allows the import of bank statements in various formats. Once the documents are imported, all the payments are recorded within the system.

Toscana ERP system's payment posting feature will automatically match incoming payments with the corresponding invoices. It does this by cross-referencing the payment amount and any associated invoice numbers or customer account details.

Once a payment is matched with an invoice, the ERP system reconciles the invoice, marking it as paid. It also updates the outstanding balance for the customer's account, reflecting the reduced amount owed.

When automatic payment posting isn't an option, Toscana ERP provides the flexibility for manual payment posting. In this scenario, you can easily input the payment amount directly into the respective account and reconcile the payment.