Cash Application for MYOB Acumatica, Straight from the Remittance Advice

Yes. RemitClear works with MYOB Acumatica, MYOB's cloud ERP for mid-sized businesses in Australia and New Zealand, formerly called MYOB Advanced. Your MYOB Acumatica administrator registers RemitClear as a connected application, then a user signs in to authorise it. From then on RemitClear reads each remittance advice your customers send, matches every line to their open invoices and credit memos, creates the AR payment with the invoices it applies to, applies any credit memos and releases it. Setup happens with you on a call, and you're live in days.

Use a tool that reads the remittance advice for you, such as RemitClear. In MYOB Acumatica a customer payment is applied on the Payments and Applications form, where someone lists each invoice the remittance names on the Documents to Apply tab, checks the amounts and releases the payment. RemitClear reads the remittance your customer sent, whether it's a PDF, a spreadsheet, a CSV or the body of an email, extracts every invoice number and amount, matches them to that customer's open invoices and credit memos, and creates the payment with those invoices on Documents to Apply. It releases the payment once you approve, or straight away for a confident match if you've switched auto-post on.

Customers often take a credit memo off what they pay and show it on the remittance advice. RemitClear matches that line to the open credit memo in MYOB Acumatica and applies it with the payment, so the credit and the cash are applied to the invoices together, the way the remittance sets them out. A credit line with no open credit memo to match is held for review, with the rest of the remittance, before anything is released.

Yes. RemitClear handles multi-company groups from one login. Each company you connect has its own open invoices, settings and forwarding address, so every payment is recorded in the company that holds the invoices it pays. On the setup call we agree which MYOB Acumatica companies and branches RemitClear works in, and which cash account each one's payments go to.

You're live in days, and setup happens with you on a call. Your MYOB Acumatica administrator registers RemitClear as a connected application, a user signs in to authorise it, and we set the cash account payments go into and the email address your remittances are forwarded to. Before anything is connected, the demo shows RemitClear reading and matching remittance advices, your own if you'd like.

RemitClear reads remittance advices sent as PDFs, including scanned ones, Word documents, Excel spreadsheets, CSV, TXT and HTML files, and remittances typed into the body of an email. You can upload them, or forward remittance emails to your own RemitClear email address. From each one it extracts the payer, payment date, amount, reference and every invoice number, ready to match against your open invoices and credit memos in MYOB Acumatica.

It's held for review. RemitClear flags part payments, short payments, already-paid invoices and possible duplicates, and every match shows a confidence score, so your team can see straight away what needs a decision. Someone checks it, adjusts what needs adjusting and approves it. Payments post automatically only when you've switched auto-post on and the match is confident, so anything uncertain waits for a person.