Acknowledge Customer BoE Transfer in Mixed Payment
Explanation
This activity is used to cash a Bill of
Exchange received from a customer. Cashing of a customer Bill of Exchange takes
place when the bill is posted to an interim cash account and sent to the relevant
payment institute for cashing. The confirmation by the payment institute that
the bill was cashed can be used as the basis for reporting the cashing.
Prerequisites
In order to perform this activity:
- A mixed payment of the NotApproved status should
exist.
- A customer BoE transfer proposal of the
Accepted status should exist.
System Effects
As a result of this activity:
- The total amount of the
customer Bills of Exchange selected for cashing will be debited to a bank
account based on the posting rules defined for the PP1 posting type.
The same amount will be credited to an interim cash account based on the
posting rules defined for PP24 posting type.
- The status of customer Bills of
Exchange selected for cashing will change to Settled.
- The status of invoices included in
the customer Bills of Exchange selected for cashing will change to
PaidPosted.
Window
Mixed Payment
Related Window Descriptions
Mixed Payment
Mixed Payment/Transactions
Procedure
To cash a customer Bill of Exchange in Mixed Payment:
- Open the
Mixed Payment
window and query for the mixed payment you want to use for cashing the
customer Bill of Exchange.
- Create a new record in the
Transactions tab.
- Select Acknowledge Customer BoE
Transfer for the Payment Transaction Type field.
- In the Proposal ID field,
enter the ID of the customer BoE transfer proposal which has the Bills of
Exchange you want to cash. The List of Values can be used to select the
relevant proposal ID.
- If you want to cash only the Bills of
Exchange for only one payer included in the proposal, enter the ID of that payer in the
Payer/Payee field.
- Save the information. The Bills of
Exchange selected to be cashed will appear in the
Matching Transactions tab.
- Remove any Bill of Exchange that you
do not want to cash from the
Matching Transactions tab if
required and save the information.