Balance Forward Billing and Lockbox Receipt Application

 Balance forward billing feature generates a consolidated bill no.  comprised of several individual invoices.  Typically the customer records in their system as only one invoice and payment is made accordingly.  For example - consolidated bill no.ABC  for $3000 and the individual invoices 101 - $1500,102 - $$1000 and 103 - $500 (assuming three individual invoices in the consolidated bill ABC). The questions are as follows:

1. Does lockbox has the ability to recognize consolidated bill number and apply automatically to indivudal invoices.

2. Since individual invoices could be many - in what sequence does it apply.

3. If the receipt amount does not match the total amount of indidivudal invoices, in what sequence does it applies.