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#1494347 - 01/12/11 11:02 PM Lock Box Payments
LPM Offline
Junior Member
Joined: Apr 2010
Posts: 31
I am a firm believer that lock box should be worked under dual control, camera (if psooible) and separate area from posting transactions. Am I being overly cautious?

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Deposits and Payments
#1494411 - 01/13/11 02:26 PM Re: Lock Box Payments LPM
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,854
Pulling people out of the ditc...
no, dual control is a must for any receivables position that the customer is not present at the time of the transaction. Even though you say don't send cash, you'd be surprised how often it occurs.
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