Accounts receivable

What is the difference between auto invoice and auto lock box

Questions by laxman2625   answers by laxman2625

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Vikas Girdhar

  • Mar 12th, 2013

Auto invoice:- Auto invoice is the interface between Order management and Account Receivables. Auto invoice picks data from AR interface tables, validate and create transactions in AR.

Auto Lock box:- Auto lock box is used to process payment advise from bank. Bank send the lock box file to Oracle apps. This file contain information of payment received in the bank from the customers. Auto lock box process the file and create AR receipt in AR and Auto Cash application process can apply receipts to the open invoices of the customer.

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Biswajit Datta

  • Apr 24th, 2014

AutoLockbox is a service that commercial banks offer corporate customers to enable them to outsource their accounts receivable payment processing.
AutoLockbox eliminates manual data entry by automatically processing receipts that are sent directly to your bank

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  • May 30th, 2017

Auto Invoice : Invoices we are creating Automatically by running Auto invoice master program and Auto invoice import program. Auto lock box setups we are doing for creating and applying receipts where ever it is matching (Like Sales order number and Customer name and Amount etc)

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