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by apps.sateesh
Sat Jan 03, 2009 10:16 am
Forum: Financials (GL, AP, AR, FA & CM)
Topic: auto lockbox
Replies: 2
Views: 867

hi,
I think this is use full to you
auto lock box - 1)the process were customers mail payments to a post office box near the remittance bank and the bank deposits the payments in the company's account at regular intervals.

2)bank provides the company with computer files detailing about the receipts ...