CMA Poll Results – Cash Application

Where does your cash application role fall within your company?

  • Accounts Receivable   69%  173 votes
  • Accounts Payable 3% 7 votes
  • Accounting 13% 34 votes
  • Finance 5% 13 votes
  • Customer Service 3% 8 votes
  • Treasury 1% 3 votes
  • Outsourced 2% 4 votes
  • Other 4% 10 votes
252 Total Votes
Comments
  • David Ingham – It is not proper Accounting and Audit Procedures for a Credit Manager to handle cash or cash application. Credit and Cash Application should be separate functions to avoid the possibility for fraud or misappropriation of cash receipts.
  • Tracey Beylerian –  Cash posting is part of the Credit & A/R function

Leave a Reply

Your email address will not be published. Required fields are marked *