Hi -
There are many ways to construct the 820. Think of them as bundled and unbundled. I recommend that the customer sends the details of the invoicing in an 820 directly to you (the vendor) while sending an 820 summary with ACH (payment authorization to the bank) to pay you at the same time. These two have a key or code indicating that the details correspond to one another. The bank then passes to you the lockbox transactions (823) with this key. You can also work with the bank and customer, so that all the information comes at the same time thru. Frequently banks charge rather heavily for this. Ensure that in your General Ledger, that the payment date matches the date it appears in the lockbox. Susan From: [email protected] [mailto:[email protected]] On Behalf Of John Sent: Tuesday, November 16, 2010 11:01 AM To: [email protected] Subject: [EDI-L] 820 and 823 documents Can someone please give me an idea of what the 'normal' use of the 820 and 823 is? I have a client that is receiving in an 820 from a bank and wants to switch it to an 823. Use small words, I have just enough finance background to balance my checkbook. John Meyer CompuSolv [Non-text portions of this message have been removed] ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/EDI-L/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
