9 Replies Latest reply: Apr 7, 2009 9:34 AM by SAP Boss RSS

what is lock box processing?

M. PRAGHNESH KUMAR
Currently Being Moderated

hai experts please any one tell me what is the lock box processing where is the availabe to lock or unlock box processing

  • Re: what is lock box processing?
    Surya Naveen
    Currently Being Moderated

    Hi,

     

    As per my knowledge only Lock box process is available in SAP.There is no unlock box process in SAP.

     

    Regards

    Surya

  • Re: what is lock box processing?
    Andrew J
    Currently Being Moderated

    Hi Praghnesh,

     

    I think all your interview questions have been answered here.anymore left?? before posting your queries try to search for that first.I hope that there are hell lot of materials and solutions inside this SDN community.For everything dont expect to be spoon fed.All your questions are very basic and it can be searched very easily.You cant learn SAP in one day..see ur queries list..it seems all are interview questions..

     

    [what is lock box processing? |what is lock box processing?;

    [in the period control screeen what you customize? |in the period control screeen what you customize?;

    [why do we give different posting keys for different transactions |why do we give different posting keys for different transactions;

    [is it possible to give a dep key to multiple dep areas |is it possible to give a dep key to multiple dep areas;

    [what is debugging? |what is debugging?;

    [how many varients we can create at a time in APP? |how many varients we can create at a time in APP?;

    [hai this is very important |hai this is very important;

    [do we use same bank accounts in APP and BRS |do we use same bank accounts in APP and BRS;

    [how you post the opening stock/opening balanace during the implementation t |how you post the opening stock/opening balanace during the implementation t;

    [how you upload the master data |how you upload the master data;

    [what is lock box processing? |what is lock box processing?;

     

    Before expecting solutions to be spoon fed try to search or research by yourself and if you fail post your query.That will be useful for your future career.Take it in the right stride.

     

    All the best.

     

    Cheers

    Andrew

    • Re: what is lock box processing?
      SAP Boss
      Currently Being Moderated

      Andrew you are in a way responsible for this. You are really spoon feeding people like this.

      • Re: what is lock box processing?
        Andrew J
        Currently Being Moderated

        Hi Sivakumar,

         

        >

        Sivakumar Gopalakrishnan wrote:

         

        > Andrew you are in a way responsible for this. You are really spoon feeding people like this.

         

        Can you please explain me why do you say like that?

         

        Regards

        Andrew

         

        PS: Hope you had read my post word by word and checked the links  which i have pasted . This is not 'Spoon Feeding' but 'Pin Pointing'.Verify the contents before commenting on it.Careful verification is one of the basic thing for a consultant.

         

        Edited by: Andrew J on Apr 7, 2009 4:30 PM(PS note added)

      • Re: what is lock box processing?
        srikanth srikanth
        Currently Being Moderated

        Hi,

         

        Pleas find the following simple explanation for an understanding of lockbox processing.

         

        ""Lockbox Processing streamlines the process of handling customer payments. Account receivable checks are mailed directly to a post office box  that is maintained by the Bank. Mail is picked up and payments are credited to your account on the day they are received.

         

        You get prompt reporting of daily receipts, either by e-mail, fax and/or through postal mail. This information may include copies of actual checks mailed in for payment, or detailed spreadsheets with the information tailored to your needs. Any enclosures or additional information received from your customers along with their payment, including hard copies of received payments, can be forwarded by mail to you or delivered to a Monroe Bank banking center for convenient pickup on the next business day.

         

        Utilizing our lockbox services can not only make one less hassle for you, it can greatly expedite the credit of funds to your account. Our Lockbox Department deposits your customers' payments on the day they are received, getting a head-start on your money's earning potential! "

         

        Thanks

        Srikanth.

      • Re: what is lock box processing?
        srikanth srikanth
        Currently Being Moderated

        Hi Sivakumar,

         

        I feel that it cannot be called as spoon feeding. Its a knowledge sharing forum and if any user is requesting some information, members who are interested can reply to that thread.

         

        I dont want to offend anyone but its my personal feeling.

         

        Thanks

        srik.

  • Re: what is lock box processing?
    Nageswar Pattela
    Currently Being Moderated

    Hi

     

    Lock Box processing :

     

    Lockboxes are a procedure used mainly in the USA to enable checks to be deposited more quickly. The checks the bank sends to you are entered as credits by the bank, and the information entered is sent to the payee using File Transfer. The lockbox files must be formatted per the BAI standard format.

     

    Under certain circumstances, the bank transmits a data carrier to the payee several times a day; the carrier bears the important check information.

     

    From this data carrier, postings are then generated for accounts receivable and G/L accounting.

     

    Lockbox service has the following advantages for the payee:

     

    - Better liquidity, thanks to faster collection, depositing, and crediting of checks.

    - Reduced processing workload

     

    To import lockbox data, proceed as follows:

    Choose Incomings -> Lockbox -> Import.

    You reach the initial screen.

    Specify the path and file name of the lockbox file. 

    Specify the import options. 

    Choose Program -> Execute.

     

    From the SAP Easy Access Screen select Accounting -> Treasury -> Cash Management -> Incomings -> Lockbox -> Postprocess or Accounting -> Banking -> Incomings -> Lockbox -> Postprocess.

     

    Enter the required data and choose Execute.

     

    The selected lockbox data is displayed in a hierarchy. The icons in front of each line show the status of the check. The following are possible status entries:

    - Posted

    - Posted on account

    - Partially applied

    - Not posted

     

    Proceed as follows to display the check status:

    a. Choose View -> Other Display

    The screen for displaying lists appears.

     

    b. Click on the ALV icon Layout settings and choose Change layout.

     

    c. Select the Check Status field in the dialog window under Column List.

     

    d. If you want to use the field in the column list, click on the left arrow and choose Copy.

    The system displays the check status.

     

    Edit Payment Advice 

     

    In order to edit the payment advice, double-click on the Payment Advice field in the list display. Change the data you want to correct, save and choose Back.

     

    If you want to change the account or account type, show the Account and Account Type fields as described for the Check Status field. Both fields are shown in the list display and you can change them directly. Choose Enter to save the changed data.

     

    If you want to ensure that your changes have been saved, double-click on the Payment Advice field and choose Payment Advice -> Header.

     

    Choose Checks -> Post to resume the automatic posting of changed checks.

     

     

    nagesh

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