Lockbox process The predominant way payments are made in US is by checks. Lockboxs help in speedy deposit of funds and clearance of customer accounts. Lockboxs are special depository accounts set up at a bank to which customer remit their invoice payments. Banks daily than submit company’s an electronic file listing all deposits and invoices that are paid against. Company’s than upload these files in SAP and u pdate their balance and clear customers i.e. A/R accounts. Some company’s setup single lockbox whereas others set up lockboxs at different locations thought the country in order to decrease the time it takes to receive the customer payments. Figure 1: Lockbox Process Flow Lockbox File Formats SAP supports both US lockbox file formats – BAI & BAI2.Each bank has its own standard BAI and BAI2, hence configuration and testing needs to be done depending on bank file configuration. Hence if you are not comfortable with bank file format either you can approach them to modify it depending on your requirement else ABAP can help in writing a preprocessing program and make file fit with SAP standard format. Difference between BAI and BAI2
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Lockbox process
The predominant way payments are made in US is by checks. Lockboxs help in speedy deposit of funds and
clearance of customer accounts. Lockboxs are special depository accounts set up at a bank to which customer remit
their invoice payments.
Banks daily than submit company’s an electronic file listing all deposits and invoices that are paid against.
Company’s than upload these files in SAP and update their balance and clear customers i.e. A/R accounts.
Some company’s setup single lockbox whereas others set up lockboxs at different locations thought the
country in order to decrease the time it takes to receive the customer payments.
Figure 1: Lockbox Process Flow
Lockbox File Formats
SAP supports both US lockbox file formats – BAI & BAI2.Each bank has its own standard BAI and BAI2,
hence configuration and testing needs to be done depending on bank file configuration.
Hence if you are not comfortable with bank file format either you can approach them to modify it depending on your
requirement else ABAP can help in writing a preprocessing program and make file fit with SAP standard format.