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Jan 14, 2011 at 04:35 PM

Invoice clearing in Lock Box - FIFO basis

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hi experts,

My client wants that for specific customer, all those outstanding invoices be cleared with one payments received via check, that were received first, automatically. In other words, the stream of incoming payments will keep clearing a sequence of all previous (date-wise) outstanding invoices automatically.

It seems we need to do some configuration changes in lock box process. Can any one give some insight in this regard as how to make it possible?

Thanks