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The EDI 823 can make payment reconciliation much easier. After you method payments electronically, applying them to the best accounts receivable documents is easy. The thorough remittance advice while in the lockbox file will help you reconcile payments a lot quicker, reducing some time invested sorting by discrepancies.Using the EDI 823 for lockbo
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If somebody with your team should manually match Just about every payment to an Bill, update documents, and ensure nothing receives misplaced during the shuffle, that’s hrs of work every day.The EDI 823 (Lockbox Transaction) is undoubtedly an electronic doc that financial institutions and lockbox suppliers use to send in-depth payment details to
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