joint

 Profile Answers by joint 

• Dec 15th, 2006

 

AR provides the feature such that the customer can directly make the payment for their invoices in the Bank.The Bank would send a datafile in a  agreed transmission format which we we import in Receivables through AutoLockbox.After successful import the Receipts get created in the final stage.

This is a three step process

1.Validate the Data file

2)Import the data file which created the Post Batch

3).Run the Post Batch(ie Post QUick Cash) which would actually create the Receipts and applies against the Invoice depening on the Information provided in the datafile.

Thanks

Jyothi

askvenki

 Profile Answers by askvenki 

• Aug 13th, 2007

 

Auto lockbox is facilty provided by bank to make payments on behalf of us and send datafiles to us so that we can raise receipts.