The System Information document defines data specific to each accounts receivable processing organization. Processing organizations are centralized units responsible for processing payments for invoices generated by the billing organizations in the Accounts Receivable module. Each billing organization reports to one processing organization. This relationship is defined using the Organization Options document.
Each processing organization has a unique lockbox and clearing account that is defined by the System Information document. This document is also used to specify some of the object codes and other accounts used in the various accounts receivable transaction e-docs.
The clearing account defaults are used to create ledger entries for the Cash Control and Payment Application documents. These defaults are used for cash control payments received from the lockbox process with the medium type of 'Check' and for offset entries with medium types of 'Wire' and 'Credit Card.' These defaults also are used for Payment Application e-docs with any medium type.
The wire account defaults are used to create ledger entries for the Cash Control and Payment Application documents when payments are received from the electronic payment claim process for the 'Wire' medium type.