Suggestion:
System has the provision, After advance receipts, System has Automatic AR Settlement Preview and Process which settles the advance of multiple records in one time process. Users can select the customer from and to, Transaction date range, remarks, cheque no, JV auto confirmation(y/n), Remittance suggestions (y/n), Suggest Adjustment(y/n) and process date.
For Automatic AR settlement users should go to Finance-> Receivables->Remittance->Automatic AR settlement (Process).
Read more details in this link