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2. Invoice processing - Wikipedia

   en.wikipedia.org/wiki/Invoice_processing

   In an automatic process, once the data is extracted or captured from the invoice the data is sent into the system for automatic matching against the purchase order. This matching process can compare just the invoice data with that shown on the purchase order or be expanded to include a deeper level that looks at the receiving documents.

3. General ledger - Wikipedia

   en.wikipedia.org/wiki/General_ledger

   Posting is the process of recording amounts as credits (right side), and amounts as debits (left side), in the pages of the general ledger. Additional columns to the right hold a running activity total (similar to a chequebook). [9] The general ledger should include the date, description and balance or total amount for each account.

4. Memo posting - Wikipedia

   en.wikipedia.org/wiki/Memo_posting

   Memo-posting is a banking practice used in traditional batch processing systems where temporary credit or debit entries are made to an account before the final balance update occurs during end-of-day (EOD) processing. The temporary entry created during memo-posting is reversed once the actual transaction is posted during batch processing.

5. How Long Does It Take for a Bill Payment To Go Through ... - AOL

   www.aol.com/finance/long-does-bill-payment...

   The amount of time for a payment to post to your account varies by financial institution. This guide answers "how long does it take for a bill payment to go through online" plus time frames for ...

6. Accounts receivable - Wikipedia

   en.wikipedia.org/wiki/Accounts_receivable

   Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.

7. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping ...