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WHAT IS LOCK BOX ? GIVE ME SHORT DESCRIPTION?

Answers were Sorted based on User's Feedback



WHAT IS LOCK BOX ? GIVE ME SHORT DESCRIPTION?..

Answer / sachin kedar

Lock box is created by bank with specific code which they
will provide to customer to drop their checks into it. As
we received the check and update into system

Is This Answer Correct ?    3 Yes 0 No

WHAT IS LOCK BOX ? GIVE ME SHORT DESCRIPTION?..

Answer / chinnareddy

The lockbox procedure is a system mainly used in the USA to accelerate payment receipt and check processing. The bank keys data from the checks sent by customers and notifies the payee of the entered information via file transfer.

Is This Answer Correct ?    2 Yes 1 No

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In Asset accouting, the capitalisation date of an asset is 01/10/2008, you need to ensure the foll: i. Deprn of 40% should be completely depreciated on 01/10/2008, ii. Deprn of 20 % should be evenly distributed throughout the year iii. Deprn of 20%, out of which 10% shud be assigned on 01/10/2008 & the remaining throughout the year.. how do you config this??

2 Answers   Cognizant,


Hi Experts, I am implementing Funds Management for my client, I want to know whether this module will support for Monthly control of Budget Vs Actual, regards

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