auto lockbox

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
harikumarc1981@rediffmail
Posts: 110
Joined: Mon Oct 27, 2008 9:50 am
Location: India

auto lockbox

Post by harikumarc1981@rediffmail »

can anybody explain about auto lockbox in ar. what is the use and setups pls
apps.sateesh
Posts: 1
Joined: Fri Jan 02, 2009 7:22 am
Location: India

Post by apps.sateesh »

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 and their application.

3)receivables uses auto lock box to import details about receipts directly into the system
admin
Posts: 2118
Joined: Fri Mar 31, 2006 12:59 am
Location: Pakistan
Contact:

Post by admin »

Post Reply

Who is online

Users browsing this forum: Ahrefs [Bot] and 2 guests