Cash Customer Repayment Check  

Explanation

This activity is used to indicate that a repayment check sent to a customer has been cashed.  When the check is cashed, a voucher is generated with postings to the interim cash account and cash account. The status of the check changes to Cashed.

Prerequisites

 The Use Interim Cash Account when Cashing on Due Date check box should be selected in the Payment Documents window.

System Effects

When a check is cashed, a voucher is generated with postings to the transit account and cash account. The status of the check changes to Cashed.

Window

Customer Repayment Check
Issued Checks

Related Window Descriptions

Customer Repayment Check
Issued Checks

Procedure

To cash customer repayment checks:

1. Open the Customer Repayment Check window or the Issued Checks window and populate or query for the required check.
2. Select one or more rows, right-click and click Cash Check to open the Cash Customer Repayment Check dialog box. The value in the State field is changes to Cashed.