Typically payments are handled in bulk for a large number of accounts through batch files. The batch files are created and sent to you by the business you designate to accept and validate payments for you, for example a bank. These files are generated and processed periodically as required by your organization, for example monthly or bi-weekly. The Accounts Receivable Management application lets you import and execute these batch files in the IDI platform. The transactions in these files are posted to their respective accounts when the batch completes successfully.
You can also apply adjustments in bulk through batch files when needed.