Invoice-To-Payment Reconciliation Add-On Solution
Automated Reconciliation of Incoming Payments Against Customer Invoices in SAP Business One
Purpose
Clockwork’s Invoice-to-Payment Reconciliation Add-on streamlines the process of reconciling customer payments with open invoices in SAP Business One. Using an Excel import, customer-wise payment data is uploaded into the system, and the Add-on automatically allocates payments to outstanding invoices based on predefined rules such as FIFO, oldest due, or custom business logic — saving significant manual effort and eliminating reconciliation errors.
Business Challenges the Invoice-to-Payment Reconciliation Add-on Addresses
Finance teams often struggle with manually applying customer payments to multiple invoices, especially in high-volume businesses. Common issues include:Time-consuming manual matching of payments to invoices
Errors in allocation leading to incorrect open balances
Inefficient handling of advance or part payments
Lack of visibility into reconciliation status and pending amounts
Labor-intensive and error-prone reconciliation
Difficulty in applying payments against correct invoices
Misalignment between customer ledger and actual dues
Inability to automate based on preferred allocation logic
Business Challenges the Invoice-to-Payment Reconciliation Add-on Addresses
Finance teams often struggle with manually applying customer payments to multiple invoices, especially in high-volume businesses. Common issues include:
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Solution that the Invoice-to-Payment Reconciliation Add-On offers
This Add-on brings automation, accuracy, and speed into the reconciliation process with key features such as:Import of payment details via MS Excel in a simple and structured format
Automated allocation of payments to invoices using FIFO or custom rules
Support for part payments, overpayments, and advances
Dashboard to track allocation status and exceptions
Flexibility to override or adjust allocations manually when needed
Customer-wise summary of open, matched, and pending invoices
This Add-on brings automation, accuracy, and speed into the reconciliation process with key features such as:
Outcome / Business Benefits
Drastic reduction in time spent on reconciliation activities
Improved accuracy in customer outstanding reporting
Faster month-end and year-end financial closures
Better customer relationship through transparent payment tracking
Easier audit trail with traceable allocation logic