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:

1. Open the Mixed Payment window and query for the mixed payment you want to use for cashing the supplier Bill of Exchange.
2. Create a new record in the Transactions tab.
3. Select Cash Supplier BoE for the Payment Transaction Type field.
4. 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.
5. Save the information.

To select multiple supplier Bills of Exchange for cashing:

1. Open the Mixed Payment window and query for the mixed payment you want to use for cashing the supplier Bills of Exchange.
2. Click on the Transactions tab.
3. Right-click on the table and then click Open Supplier Bills to open the Cash Supplier BoE dialog box.
4. 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.
5. Make any modifications to the transaction lines created if required.
6. Save the information.