Lockbox is Checkbook's approval system. It is intended to add a layer of security and accuracy to payments that are being made.
When a Digital Check, that has been created, is sent to Lockbox, it sits their UNPAID and waits for approval. Going back and taking a second look at the Checks in Lockbox helps double check details and ensures that payments for the right amounts are made to the right people.
Lockbox is particularly useful when multiple people have access to a Checkbook account and junior employees are tasked with the clerical work of creating checks. A senior manager then has the opportunity to go in and approve the ones that should be sent out.
To understand how to use Lockbox, click here