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Auto posting of accounts receivable.

Business Credit

| October 01, 2004 | Lambert, Pete | COPYRIGHT 2004 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In today's world, many types of payments can be received from multiple sources and need to be posted to the end client's account as quickly and accurately as possible. The question is: How is this accomplished?

A good place to start is with the size and/or industry of your customer (i.e., retailer, small to large corporate, etc.).

To simplify our review, let's assume that all payments are received through a lockbox--either paper, electronic or a combination of both. Very often, lockboxes that are housed internally to a company function much the same way as an outsourced lockbox--especially if the company has invested in the right technology and ...

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Source: HighBeam Research, Auto posting of accounts receivable.

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