To facilitate automatic reconciliation of the accounts receivable ledger you can invoice your customers with OCR reference numbers.
The reference number includes a check digit and can include a length digit
enabling the reference number to be checked when paying online. The company can even choose different levels of checking. The stricter the checks, the greater the number of payments with correct OCR reference numbers, and hence the more efficient the reconciliation process.
Those currently using Payment Service OCR will find the same checks in Bankgiro Receivables along with a number of improvements. Bankgiro Receivables
reports all available information about a payment, including
the payer's name, address and corporate identity number, if this information is available. Further advantages of Bankgiro Receivables include the option to use several reference numbers for a payment and the fact that all payments with OCR
reference numbers are also reported in Deposit Information via the Internet. As such Bankgiro Receivables broadens your options for automated processing in your accounting system.