| Lockbox Processing
If you are using a lockbox service to improve your cashflow by collecting checks from your customers, Lockbox Processing will help you by processing the electronic file that you receive from your bank. Where included remittance information is complete, cash receipts will be automatically applied to invoices. For those cash receipts where the matching document is questionable, use the payment application workbench to match the cash receipt to the appropriate invoice. In any case, since you don’t have to enter each of the transactions individually, you will save time and money through better efficiency and security..
Great for high-volume cash receipts where you want to outsource the processing of your cash receipts.
Use Lockbox Processing's Payment Application Workbench to facilitate the application of cash receipts to their respective A/R documents.
Many advanced features include splitting checks across multiple SL customers, multi-currency applications, duplicate check number checking, credit memo support, etc.
Features:
- Automatic payment application with conflict resolution (Workbench)
- Default application methods by Customer
- Discount and Credit Memo support
- Duplicate check number checking
- Single check paying multiple SL customers
- Seamless integration with Microsoft Dynamics SL Accounts Receivable
- Custom import formats - mapping utility
- Fixed field, tab, comma delimited and multi-line file support
- BAI2 file support
- Multi-company / multi-account
- Multi-currency
- Flexible communications
- File archiving
- eBanking Security to control access
- Available on Microsoft Dynamics SL v5x, 6x and 7x
A Lockbox process that checks for the same check number in the SL system before releasing the Lockbox batch.
A check may be paying invoices that represent more than one SL customer.
Lockbox files being imported into Lockbox Processing may have one of these layout/configuration types.
The feature of Lockbox Processing that provides for the processing of a deposit batch in one currency, while paying various customer invoices in other currencies.
Back to Top |
