WHAT IS LOCK BOX ? GIVE ME SHORT DESCRIPTION?
Answers were Sorted based on User's Feedback
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 |
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 |
Explain the various reference methods? : fi- general ledger
Hi, Here is an interview question. What are errors we will face in FI-MM, FI-SD, COPA integration. How u will solve. Sravan
Why asset classes are important in sap?
What are the options in sap for fiscal years?
What is unplanned & Planned delivery cost? and how it is captured?
Lets say for a product there exists three production versions. Explain the process how you would go about creating a mixed cost estimate?
Hi Friends, I have one query, would be grateful if any can tell me the setting for the same. We have given an advance to vendor and deduct the tds on that. Thereafter when the bill comes in then ideally we should deduct the tds on remaining amount (Invoice amount – advance paid) because we have already deduct the tds on advance payment to vendor. I want to know the setting for that. Kindly explain in details. Regards
Explain the Electronic Bank Reconciliation procedures in detail.
SAP FICO ECC 6.0 NEW FEATURES
How many types of land scapes are there and tell me the land scape which is often used by the companies?
What is sap fico?
How do u create the asset exp.I purchase 5 lands. Now I want to post 1 land with 1 account determination and 4 land with 1 account determination. how would you customize this settings in asset accounting?