Introduction

A lockbox is a banking facility where the bank collects your Account Receivable (AR) payments (usually via a Post Office Box) and banks them, then sends you a list of receipts that day or week depending on the frequency you have agreed with the bank. The list might be images of checks received, or might be a comma-separated values (CSV) file or an Excel spreadsheet containing the receipt details.

The Lockbox application allows you to import cash receipts from an electronic file issued by your bank, then match the resulting cash entry documents to sales invoices and sales credit notes in your Accounting organization.