How does Lockbox matching work?

Hi All,
We use FEBA to upload our locboxes. I am trying to understand how SAP matches a payment with an open item. I understand that it find the customer with the MICR information, but how does it find the invoice to clear? I looked at the search string and posting rules config for EBS and couldn't really understand it. How does SAP know to match the assignment field, invoice number or reference etc?
Thanks!

Hi,
FEBA is not used for importing lockbox files. Use T-code FLB2 for uploading lockbox and FLB1 for post processing function.
Here accounting entry will be
Lock Box Clearing account
    To Bank Clearing account
And
Bank Clearing Account
    To  Customer account
Once you upload EBS(Electronic Bank Statement) file into SAP then entry will be as below.
Main bank account
   To  Lock Box clearing account
Regards,
Mohammed

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