AR Data Entry - Lockbox Processing

Lockbox processing involves entering batches of Lockbox cash transactions for cash allocation purposes. You can enter cash transactions as Lockbox batches by entering Lockbox details during batched data entry. Lockbox batches can also be entered onto the system via an offline interface. To use Lockbox processing, ensure that Lockbox processing is switched on at the company level. To enter Lockbox details during online batch data entry, ensure that Online Cash Lockboxes is also set accordingly on the Turnover/Controls format of the Company Controls screen MBAC. Lockbox codes are not provided with the system; instead, Lockbox details must be entered during data entry. You must enter the following fields on the batch header to indicate that the batch is a Lockbox batch:

Lockbox
Bank Reference
Lockbox Date (defaults to the current date if not entered)

Depending upon how you set Online Cash Lockboxes on the Turnover/Controls format of the Company Controls MBAC, these fields can be optional or mandatory.

NOTE The menu path shown is the default for the system. Your company may have customised menu options, so the path shown may not be accurate. Please contact your system administrator for details.