What is the nature of an ARC Entry?

An ARC Entry, which stands for Accounts Receivable Conversion Entry, is indeed characterized as a one-time debit. This type of entry is specifically used in situations where a customer provides their authorization to convert their check payment into an ACH debit.

In this context, the key feature of an ARC Entry is that it is initiated once, corresponding to a specific transaction or payment. This differs from other types of entries, such as recurring credits or fees that imply ongoing, regular transactions or charges. The ARC process typically involves converting a paper check into an electronic debit in a single instance, thereby streamlining the payment and processing of accounts receivable.

In summary, the nature of an ARC Entry as a one-time debit reflects its purpose in facilitating a singular customer payment, as opposed to recurring fees or charges which would not accurately represent the specific functionality of an ARC Entry.