Hello Experts,
May i know that what is the difference between Accounting keys ERK & ERL in FI&SD integration. And which accounting entries will happen in Order to Cost cycle? SD and FI?
Could you please explain about Lock box process in Accounts Receivable?
Please share your views here, thanks in advance.
SAP FI (Financial Accounting) Module
Lockboxes are a procedure used mainly in the foreign countries like (US) to enable checks to be deposited more quickly. The checks the bank sends to you are entered as credits by the bank, and the information entered is sent to the payee using File Transfer. The lockbox files must be formatted per the BAI standard format. Under certain circumstances, the bank transmits a data carrier to the payee several times a day. The carrier bears the important check information. From this data carrier postings are then generated for accounts receivable and G/L accounting.