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Payment allocation refers to the process of distributing a payment across multiple invoices or charges. This is particularly important in accounting and finance, where it ensures that payments are applied correctly to outstanding debts, helping to maintain accurate financial records. Proper payment allocation can improve cash flow management and prevent discrepancies in accounts receivable. It often involves prioritizing payments based on due dates or contractual agreements.

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What is the definition of cash allocation?

The cash allocation is the procedure that a "receiver of cash" (provider, owner, contractor, etc.) applies when a payment comes into his account, this means that the payment is matched with the related item(s) defined by the nature of the commercial relationship. In order to be correct, the Cash Allocation needs to match certain criterias specified by both sides on the contract. Any difference between the expected amount by the "receiver" and the amount of cash received should be documented and "well understand" by both contractual side in order to be validated. (to be continued...) The cash allocation is the procedure that a "receiver of cash" (provider, owner, contractor, etc.) applies when a payment comes into his account, this means that the payment is matched with the related item(s) defined by the nature of the commercial relationship. In order to be correct, the Cash Allocation needs to match certain criterias specified by both sides on the contract. Any difference between the expected amount by the "receiver" and the amount of cash received should be documented and "well understand" by both contractual side in order to be validated. (to be continued...)


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