Cash Supplier Check

Explanation

This activity is used to report that a supplier check has been cashed. The confirmation by the payment institute that the check is cashed can be used as a basis for reporting.

Prerequisites

In order to perform this activity:

• A mixed payment of the NotApproved status should exist.
• A supplier check of the Created status should exist.

System Effects

As a result of this activity, the following would take place once the mixed payment is approved.

• The open supplier check amount will be debited based on the posting rules defined for the PP21 posting type, and the cash account will be credited based on the posting rules defined for the PP1 posting type.
• The status of the supplier check will change to Cashed.

Window

Mixed Payment

Related Window Descriptions

Mixed Payment
Mixed Payment/Transactions
Cash Issued Checks

Procedure

To cash a supplier check:

1. Open the Mixed Payment window and query for the mixed payment you want to use for cashing the supplier check.
2. Create a new record in the Transaction tab.
3. Select Cash Supplier Check for the Payment Transaction field.
4. Enter the currency of the check you want to cash in the Currency field. The List of Values can be used to select the relevant currency.
5. Enter the series ID of the check you want to cash in the Doc Series ID field and enter the check number in the Payment Doc No field. The List of Values can be used to select them.
6. Save the information.

To cash multiple supplier checks:

1. Open the Mixed Payment window and query for the mixed payment you want to use for cashing the supplier checks.
2. Click on the Transactions tab.
3. Right-click on the table and click Open Supplier Checks to open the Cash Issued Check dialog box.
4. Select one or more supplier checks you want to cash and click OK. A transaction of the Cash Supplier Check transaction type will be created for each supplier check you selected.
5. Make any modifications to the transaction lines created if required.
6. Save the information.