Podcast
Questions and Answers
A mail room employee opens envelopes containing customers’ payments and remittance ______.
A mail room employee opens envelopes containing customers’ payments and remittance ______.
advices
Remittance ______ contain information needed to service individual customer accounts.
Remittance ______ contain information needed to service individual customer accounts.
advices
The remittance advice is a form of a turnaround ______.
The remittance advice is a form of a turnaround ______.
document
Errors are avoided and operational efficiency is greatly improved when using remittance ______.
Errors are avoided and operational efficiency is greatly improved when using remittance ______.
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Mail room personnel route the checks and remittance advices to an administrative clerk who endorses the check “for deposits ______.”
Mail room personnel route the checks and remittance advices to an administrative clerk who endorses the check “for deposits ______.”
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The clerk then records each check on a form called a remittance ______ where all cash received is logged.
The clerk then records each check on a form called a remittance ______ where all cash received is logged.
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In case where the clerk prepares three copies of remittance list, the original copy is sent with the checks to the record and deposit check ______.
In case where the clerk prepares three copies of remittance list, the original copy is sent with the checks to the record and deposit check ______.
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The second copy of the remittance list goes to remittance ______ to update the AR function.
The second copy of the remittance list goes to remittance ______ to update the AR function.
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The third copy of the remittance list goes to ______ task.
The third copy of the remittance list goes to ______ task.
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Its important is most apparent in firms that process large volumes of cash receipts ______.
Its important is most apparent in firms that process large volumes of cash receipts ______.
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