Acknowledge Customer BoE Transfer

Explanation

This activity is used in the Mixed Payment window to report that a Bill of Exchange, received from a customer, has been cashed, if the bill was posted to an interim cash account when sent to the Payment Institute for cashing. As a basis for reporting, use the payment institution's confirmation that the bill was cashed. When the bill is cashed, a voucher is generated with postings to interim cash account and cash account. The status of the bill is changed to Settled.

Prerequisites

This activity requires that information has been entered in the General tab of Mixed Payment. 

System Effects

• This entry does not cause any system effects until the payment is approved. At least one transaction must have been entered before the payment can be approved.
• When the cash customer bill of exchange transaction is approved, the interim cash account (PP24) is credited and the cash account (PP1) is debited, and the status of the bill is set to Settled.

If the Keep BoE Open when Cashing Before Due Date check box is selected in the Payment Documents window, the Customer BoE Cashed in Advance account (PP25) is debited and the BoE customer claim account (PP27) or the Open Customer BoE Cashed in Advance account (PP50), depending on whether the BoE claim is reposted, is credited. 

Window

Mixed Payment

Related Window Descriptions

Mixed Payment

Procedure

To Cash a Customer Bill of Exchange:

1. Open the Mixed Payment window and enter general information for the mixed payment in the General tab.
2. Select the Transaction tab and add a new row with transaction type Acknowledge Customer BoE Transfer.