What are the steps in running the AutoLockbox Concurrent Process?
A.
Enter receipts, validate data, and apply QuickCash.
B.
Import bank file, validate data, and post QuickCash.
C.
Import bank file, enter receipts, and validate QuickCash.
D.
Enter receipts, import bank file, validate data, and post QuickCash.
Explanation:
To run AutoLockbox:
1. Navigate to the Submit Lockbox Processing window.
2. If you are importing a new bank file, check the New Transmission check box, then enter a
new Transmission Name. If you are resubmitting an existing lockbox transmission, you can select a
name from the list of values.
3. To import a new bank file into Receivables, check the Submit Import check box, then enter
your bank file’s Data File, Control File, and Transmission Format information. If you are re-importing
data, the default is the transmission format you specified in the initial import step. You can either
accept this value or override it. When you run the import step, Receivables automatically generates
the import section of the Lockbox Execution Report.
4. To validate or revalidate imported data and create QuickCash receipt batches
5. To apply receipts in this transmission and update your customer’s receivable balance, check the
Submit Post QuickCash check box.
Note: You can also submit Post QuickCash from the Receipt Batches window
Etc.Running AutoLockbox