Belajar SAP

November 10, 2009

Lockbox

Filed under: FI I Part 2 — coretaja @ 5:34 am

This lesson explains about :

  • The flow data in locbox process
  • The component of the process
  • The configuration of lockbox program

a Lockbox is a service that bank provide to facilitate the orderly collection and processing of incoming payment.

Instead of sending their payments to your office, customer mails their payments and payment advice notes directly to a central bank location, usually a post office box.

Bank receives the payment and create a data file from the payment advice information and payment amounts. the check are then credited to your bank account.

The lockbox file contains the following information :

  • Customer Name
  • Customer Number
  • Customer Mirc Number
  • Check amount
  • Invoice Number

The advantage of using lockbox :

  • Reducing processing time in your accounting department
  • Increasing cash flow
  • Cutting processing customer

Customer send their checks and payment advice notes to your lockbo. The lockbox files are transmitted using various methods such as tapes, diskette and direct dial and download.

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