Creating BOE options
Use this procedure if you select
Bills Of Exchange
Processing for the company or customer group.
- Select Financials > Receivables > Setup > Receivable Companies.
- Click Create.
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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.
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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.
- Click Save.