Lockbox Architecture

Lockbox Architecture

There are 3 general steps in the proessing:

Receive a file of check data from the bank. Some banks allow dial in and download.
Execute the Lockbox Import Program
Post the G/L transaction reflecting the receipt of cash
Creates a payment advice. Open items are automatically cleared/
Access the lockbox post-process transaction to process any checks that could not be fully applied by the Lockbox Import Program