ach payments (disbursements)

ACH is the Automated Clearing House network, which is a system that transfers funds electronically from one party to another. It allows you to pay bills, send payments or transfer money from your bank to another in a fast and secure way.

An ACH payment is a type of electronic credit or debit payment initiated through the Automated Clearing House network. The payment can be initiated between two banks or between two bank accounts that are held by the same bank.

An ACH transfer is an electronic transfer of funds between two bank accounts. It's initiated through the Automated Clearing House network so you can send payments or pay bills quickly, depending on the ACH payment services available at your bank.

When a customer doesn't pay for a good or service at the time of transaction, your business expects to receive payment at some point in the future. Accounts receivable management is the business process of collecting outstanding payment from customers. Instead of manual invoicing or phone calls, an accounts receivable service uses automation to invoice customers, follow up on late payments and collect overdue accounts. Plus, a good accounts receivable service will keep documentation and records to help avoid payment disputes.