Posting A/R Draft Payments
You cannot post draft payments directly to a cash account as you would post a check or a wire payment. When you first post the draft payment, the draft status is changed to posted and the usual journal transactions are created. But, the transaction does not yet affect the cash account in the General Ledger, but instead it affects the Draft Receivable account found on the Accounts Receivable Parameters form.
Next, perform a draft remittance:
After the draft remittance, post the draft. Posting the draft changes the status of the draft to Remitted and creates a journal entry from the Draft Receivable account to either the Draft Remitted account or the Draft Discounted account identified in the Bank Address form.
When the bank tells you it has given you the money, use the Bank Reconciliation form to perform a draft deposit. The deposit updates the draft status to its final value of Paid and creates the new journal entry that finally impacts the Cash account.