Meaning accounts receivable conversion
What does accounts receivable conversion mean? Here you find 3 meanings of the word accounts receivable conversion. You can also add a definition of accounts receivable conversion yourself
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accounts receivable conversionDefinition The process of converting paper checks into electronic payments. The document is scanned and converted through the Automated Clearing House (ACH), thus reducing the processing time.
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accounts receivable conversionAn electronic debit created from a consumer check processed in a lockbox, drop box or other payment receivable processing environment.
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accounts receivable conversionThis eCheck.Net transaction type is a single-entry debit against a customer's checking account. ARC allows merchants to collect payments received in the mail or left in a drop-box, and convert th [..]
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| << accounts receivable aging | accounts receivable discounted >> |
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