Cash Customer Repayment Check

Explanation

This activity is used to cash a customer repayment check. 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 Not Approved status should exist.
• A customer repayment check should exist.

System Effects

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

• A voucher of voucher type B will be created. The customer repayment check amount will be debited based on the posting rules defined for the PP76 posting type. The cash account will be credited based on the posting rules defined for the PP1 posting type.
• The status of the customer repayment check will change to Cashed.

Window

Mixed Payment

Related Window Descriptions

Mixed Payment
Cash Issued Checks

Procedure

To cash a customer repayment check:

1. Open the Mixed Payment window and search for the mixed payment you want to use for cashing the customer repayment check.
2. Create a new record in the Transactions tab.
3. Select Cash Customer Repayment Check for the Payment Transaction Type 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 customer repayment 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 Issued Checks to open the Cash Issued Checks dialog box.
4. Select one or more customer repayment checks you want to cash and click OK. A transaction of the Cash Customer Repayment Check transaction type will be created for each customer repayment check you selected.
5. Make any modifications to the transaction lines created if required.
6. Save the information.