ITM 410 Lecture Notes - Lecture 4: Remittance Advice, Fiserv, Remittance

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Lin Ying Dong

Document Summary

Electronic bill presentment and payment (ebpp) systems: electronic bill presentment and payment (ebpp) systems: b2c systems that use a. Web site to post customers" bills and to receive their electronic payments. B/ar/cr level 0 diagram: the billing/accounts receivable/cash receipts (b/ar/cr) process completes the order-to-cash process by accomplishing, billing customers, managing customer accounts, securing and recording payment for goods sold or services rendered. An immediate update of the gl for a single sale. This is an immediate update of the gl for a single cash receipt: process 3. 2 is a controller function, is typically performed by the payment applications section of the accounts receivable department. If a billing process is completed without a real shipment (a genuine sale), revenues will be overstated. Independent billing authorization: establishes that the shipment is supported by an actual sales order (a copy of the sales order from customer service or the open sales order records on the sales order master data).