AR Lockbox: How to handle multiple bank accounts and cross currency applications?
Hi,
We are on 12.1.3.
Wanted to know - how can we handle multiple remittance bank accounts for lockbox payments.
Since in lockbox definition - we need to specify receipt souce and bank account gets defaulted from the receipt source.
Does that mean we need to create lockbox for every new remittance bank account.?
Is this scenario applicable in real time as well, i.e Banks provide a unique lockbox number for every remittance bank account.
Also, how do we handle cross-currency receipt applications
i.e invoice currency in AUD, payment currency in USD.
What are the setups/transmission format level changes required?
We are on 12.1.3.
Wanted to know - how can we handle multiple remittance bank accounts for lockbox payments.
Since in lockbox definition - we need to specify receipt souce and bank account gets defaulted from the receipt source.
Does that mean we need to create lockbox for every new remittance bank account.?
Is this scenario applicable in real time as well, i.e Banks provide a unique lockbox number for every remittance bank account.
Also, how do we handle cross-currency receipt applications
i.e invoice currency in AUD, payment currency in USD.
What are the setups/transmission format level changes required?
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