Lockbox updating criteria

Lockbox transmissions that are received from your bank when you run the Customer Entry Lockbox Import Report are stored in a batch file. The batch file is a temporary holding place for payment transactions until you can update your AR and GL records. The updating processing can occur automatically, immediately after the data is imported, or it can be a manual process that you initiate after reviewing and possibly editing the batch records. Whether updating occurs automatically or manually depends on the settings on the Customer Entry Lockbox Import Report.

This table shows what happens with the batch transactions based on the options selected in the Customer Entry Lockbox Import Report.

Post/Update Imported Transactions	If Yes, Post Only Batches Ready?	If No, Force batches Un-Suspended?	If Yes, Bank # to Post Imported Trans	Result
Yes	Yes	n/a	(required)	Only those batches where every check is ready to post are updated.
Yes	No	Yes	(required)	All transactions are updated to the General Ledger.
Yes	No	No	(required)	Only those batches within the write-off limits are updated.
No	n/a	n/a	n/a	The system AR or GL records are not updated. Transmission records are stored in the Batch Import file.

You can use the Customer Entry Lockbox Import Report to balance the bank deposit for each lockbox set of transactions included in the transmission regardless of the value in the Post Only Batches Ready option.