Lockbox Processing Cash Receipts in Dynamics GP

Lockbox Processing Cash Receipts in Dynamics GP

The Lockbox Processing module in Dynamics GP allows you to take a file from your bank that has cash receipts information in it, and automatically create cash receipts in Dynamics GP.

You can use this functionality whether you have a lockbox set up at your bank or not. Some companies use it merely as a way to speed up cash receipts processing; assuming that there is an electronic file available that has the cash receipts information in it.

The module will try to match the cash receipts information in the file to the outstanding in invoices in Dynamics GP. You have a few options on how the module will try to make the match, e.g. invoice number, customer information.

This video shows how the Lockbox Processing module works:

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