Does anyone use Cash Ledger to record checks that are received at your Company?
We currently have a stand alone system to process checks that we receive on a daily basis. These checks are not tied to any Lawson applications like AR or AP, but are from different business lines. We do have lockbox processing setup with our banks but some checks are sent directly to us. We have the capability of processing these checks directly to our bank.
In this "Cash Receipts" system we record the following information for each check we deposit:
Company Name
Check Number
Transmittal Number
Accounting Unit
Account
Any advise would be greatly appreciated.