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Former Member
Nov 11, 2012 at 03:53 PM

EBS Vs. LockBox Statement

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Hello, I'm having little confusion between EBS Vs. LockBox Statement. Major confusion comes around when thinking around two statements are imported, processed and automatically updates GL.

FYI: I'm familiar with what EBS(Statement which consists of transactions) and Lockbox (A/c @ Bank to handle payments from customer). Does the EBS statement includes all the transactions at Bank, except Lockbox transactions?

Thanks in Advance!

Sam