RCD (Receipt Collection Distribution)
An RCD links received money to the exact installments it pays, keeping agreement balances, receipt history, and cheque status accurate.
A Receipt Collection Distribution (RCD) is the link between a receipt and the installment or installments that the payment settles. In real estate finance, one receipt can cover one installment, multiple installments, part of an installment, or money connected to a cheque.
Without distribution records, finance teams can know that money came in but still struggle to prove which obligation it cleared. RCDs keep agreement balances, receipt PDFs, installment statuses, and cheque workflows consistent.
IRM365 uses RCDs to connect receipts, cheques, PDCs, and installments inside Finance & Collections.