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Remittance advice short by the amount of tax due can cause your entire A/R department to get stuck in a game of hide and seek, as they try to identify, track down and resolve it.
Sounds familiar. Right?
While posting remittance you could face a multitude of issues, accounting rules, tax regulations and processes. Hence, not knowing how to deal with them will throw your entire A/R process in a wrench.
To identify and resolve this challenge, watch the following tutorial by John Donovan as he explains:
i. Challenges related to posting a payment when the items referenced has been short paid by the amount of tax due
ii. 7 most important self-analysis processes for all your internal A/R process.
iii. 9 crucial remittance process improvements- Determining, Auditing, Considering, Requesting and many more
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