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:

1. Open the Mixed Payment window and query for the mixed payment you want to use for cashing the customer Bill of Exchange.
2. Create a new record in the Transactions tab.
3. Select Acknowledge Customer BoE Transfer for the Payment Transaction Type field.
4. 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.
5. 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.
6. Save the information. The Bills of Exchange selected to be cashed will appear in the Matching Transactions tab.
7. Remove any Bill of Exchange that you do not want to cash from the Matching Transactions tab if required and save the information.