INTERVIEW QUESTIONS ORACLE APPS AOL DETAILS

Question: What is the use of lockboxes?

Answer: Auto lock box is used create receipts automatically and match against the invoices, customers.

Steps for lock box are :

The first step involves reading and formatting data from your bank file into AutoLockbox tables.

The second step involves submitting the validation program which checks data in the AutoLockbox tables for compatibility with Receivables. Once data is validated, it is transferred into QuickCash tables. At this point, you can optionally query your receipts in the QuickCash window and change how they will be applied before submitting the final step, Post QuickCash. Submitting Post QuickCash updates your customer's balances.

Auto lock box is used create receipts automatically and match against the invoices, customers.

Steps for lock box are :

The first step involves reading and formatting data from your bank file into AutoLockbox tables.

The second step involves submitting the validation program which checks data in the AutoLockbox tables for compatibility with Receivables. Once data is validated, it is transferred into QuickCash tables. At this point, you can optionally query your receipts in the QuickCash window and change how they will be applied before submitting the final step, Post QuickCash. Submitting Post QuickCash updates your customer's balances.
Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

• There should not be any Spelling Mistakes.
• There should not be any Gramatical Errors.
• Answers must not contain any bad words.
• Answers should not be the repeat of same answer, already approved.
• Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question