Studierende stehen vor dem LC und blicken lächelnd einer Kollegin mit einer Mappe in der Hand nach.

Lockbox Processing

German Translation

Lockbox Verfahren


Accounting with SAP R/3

Short Description

Procedure for rapid deposit of checks used mainly in the U.S.A. Checks that are sent by the business partner to the bank or the lockbox provider (service company that processes checks) are credited to the payee's account. The information entered is forward to the payee per file transfer.
[vgl. (14.11.2001), URL]