Creating BOE options

Use this procedure if you select Bills Of Exchange Processing for the company or customer group.
  1. Select Financials > Receivables > Setup > Receivable Companies.
  2. Click Create.
  3. On the Bill Of Exchange tab, specify this information:
    Acceptance Accounting Option
    Select whether a Global Ledger update is required upon acceptance of BOE Receivables.
    BOE Number
    Select whether automatic or manual numbering is used for internally created BOE.
    Check Bank Risk
    Select this check box if the company performs bank risk processing when cashing a discounted remittance.
    Remittance Control
    Select this check box to use remittance control and process bill of exchange with a single maturity date.
    Remittance Number
    Specify the last bills of exchange remittance number assigned. If this field is blank, then the remittances start with 1.
    Last BOE Number
    If you select the check box in BOE Number, then specify the last bills of exchange number assigned.
    Discounted Remit Payment Code
    Select the payment code to update Cash Management when a discounted remittance is cashed.
  4. In the Global Ledger Account Codes section, specify this information:
    Acceptance Code
    If you select the check box in Acceptance Accounting Option, then specify a bill of exchange acceptance code and description.
    Global Ledger Account
    Specify the information for the Global Ledger distribution account.
    Financial Revenue Code
    Specify a financial revenue code and description that represents a Global Ledger account for BOE financial revenue accounting.
    Global Ledger Account
    Specify the information for the Global Ledger account and dimensions for the financial revenue code.
    Financial Expense Code
    Specify a financial expense code and description that represents a Global Ledger account for BOE financial expense accounting.
    Global Ledger Account
    Specify the information for the Global Ledger account and dimensions for the financial expense code.
    Dishonored Code
    Specify a dishonored code and description that represents a Global Ledger account for dishonored BOE accounting.
    Global Ledger Account
    Specify the information for the Global Ledger account and dimensions for the dishonored code.
  5. Click Save.