This activity is used to indicate that a repayment check sent to a customer has been cashed. When the check is cashed, a voucher is generated with postings to the interim cash account and cash account. The status of the check changes to Cashed.
The Use Interim Cash Account when Cashing on Due Date check box should be selected in the Payment Documents window.
When a check is cashed, a voucher is generated with postings to the transit account and cash account. The status of the check changes to Cashed.
Customer Repayment Check
Issued Checks
Customer Repayment Check
Issued Checks
To cash customer repayment checks: