Lockbox Processing

Lockbox is a service offered by banks to companies in which the company receives payments by mail to a post office box, the bank picks up the payments from the post office, deposits them into the company bank account and notifies the company of the ...

Importing electronic lockbox files is accomplished using the Accounts Receivable Payment Processing function.  Deposits are made as any other normal payment batch.  Follow the instructions below to process an electronic lockbox file.   The examples ...

Depending on which bank file format your company is using, different pieces of information may be required to import the data into SedonaOffice as a customer payment.   Using the Generic File format as an example, the invoice number is a required fi...