How to define lockbox accounts at house banks in SAP

Lockboxes are used as reference in customer master record and used by invoices as part of remit and to know customers where to send their payments.

Configuration steps to define lockbox accounts at house bank

  • IMG path: SPRO => IMG > Financial Accounting(FI) => G/L accounting => Bank Accounting => Bank Accounts => Define lockbox accounts at house banks
  • Transaction code: OB10.

Step 1: Execute tcode “OB10” in the SAP command field as shown below.

SAP Transaction code OB10 - Define Lockbox Accounts at House Banks in SAP

Step 2: On change view lockboxes for our house banks overview screen, click on new entries button to create new lockbox at house bank as per requirements.

Lockboxes at house banks new entries in SAP

Step 3: On new entries of lockboxes configuration screen, update the following details.

  • CoCd: Enter the company code for which that configuring loclbox belongs to
  • Lockbox: Enter the name of lockbox that can be used in customer master record in SAP
  • House Bk: Enter the house bank key to which lock box belongs to
  • LBox no: Enter the lock box number (account number) at the house bank.

How to Define Lockbox Accounts at House Banks in SAP

After entering all the required details, click on save button and now you are presented Edit address screen as shown below. You can also get address screen by clicking on address button.

  • From Edit address screen, enter the name of company and address of lockbox to which payments should be done.
  • This address details are used in the remit of invoices, so the customers know where to mail their payments.

Lockbox Accounts address in SAP

Click on save icon and save the entered address details of lockbox in SAP system.