Cash Supplier Bill of Exchange Mixed Payment
Explanation
This activity is used to cash a supplier
Bill of Exchange. The cashing takes place when the Bill of Exchange is posted to
an interim cash account. The confirmation by the relevant payment institute that
the bill is cashed can be used as the basis for reporting in IFS Applications.
Prerequisites
In order to perform this activity:
- A mixed payment of the NotApproved
status should exist.
- A supplier Bill of Exchange of the
Created status should exist.
System Effects
As a result of this activity, the following system
effects take place once the mixed payment is approved.
- The supplier Bill(s) of Exchange amount will be
included in the voucher created in the hold table. The amount will be
debited based on the posting rules defined for the PP26 posting type.
This amount will be credited from a bank account based on the posting rules
defined for the PP1 posting type.
- The status of the supplier Bills of Exchange
selected for cashing will change to Settled.
Window
Mixed Payment
Related Window Descriptions
Mixed Payment
Mixed Payment/Transactions
Procedure
To cash a supplier Bill of Exchange:
- Open the
Mixed Payment window and
query for the mixed payment you want to use for cashing the supplier Bill of
Exchange.
- Create a new record in the Transactions
tab.
- Select Cash Supplier BoE for the Payment
Transaction Type field.
- In the Document Series ID field, enter the
document series ID of the supplier Bill of Exchange you want to cash. Enter
the document number of the same in the Payment Doc No field. The List
of Values can be used to select the relevant values for both fields.
- Save the information.
To select multiple supplier Bills of Exchange for
cashing:
- Open the
Mixed Payment window and
query for the mixed payment you want to use for cashing the supplier Bills of
Exchange.
- Click on the Transactions tab.
- Right-click on the table and then click Open
Supplier Bills to open the
Cash Supplier BoE dialog box.
- Select the supplier Bills of Exchange you want to
cash and click OK. A transaction of the Cash Supplier BoE
transaction type will be created for each supplier bill of exchange you
selected.
- Make any modifications to the transaction lines
created if required.
- Save the information.