Glossary

Cash application

Cash application is the process of matching incoming payments to the specific open invoices they pay, so the customer's balance and the aging report are accurate.

Unapplied cash is a common source of phantom past-due balances: the customer paid, the money is in the bank, but the invoice still shows open because nobody matched them. Apply cash daily, and reconcile unapplied payments weekly.

In Reeve

Reeve reads payment application from QuickBooks Online; an invoice stops being followed up the moment a payment is applied to it in your books.

Your whole AR, on autopilot.

Reeve collects every overdue invoice in your name and shows you exactly where you stand.

Book a call

Ten minutes to set up. 7-day free trial. Stops the moment they pay.