Processing trade notes receivable

To process trade notes receivable

To process trade notes receivable, use the following sessions:

  1. Direct Debit Advice (tfcmg4609m000)

    Create a new direct debit batch in the Direct Debit Advices (tfcmg4509m000) session, which initiates the Direct Debit Advice (tfcmg4609m000) session. Set the Type of Advice field and specify the invoice number in the Document field. The amounts details are defaulted. On the Bank Details tab of the Direct Debit Advice Lines (tfcmg4101m000) (satellite) session, select the payment /receipt method. Save changes and approve the batch.

  2. Generate Trade Notes Receivable (tfcmg4225m000)

    Specify the batch number created in the Direct Debit Advice (tfcmg4609m000) session and click Generate to generate the trade note receivable.

  3. Trade Notes Receivable (tfcmg4525m000)

    Review the trade note receivable number generated in the TNR Number field and the TNR Status is set to Open. Select Post TNR on the appropriate menu, to create posting for the first trade note step. The Posting Data (tfcmg1258m000) session opens.

  4. Posting Data (tfcmg1258m000)

    Select Post to create posting for the trade note step. In the Trade Notes Receivable (tfcmg4525m000) session, the TNR Status is updated with the status Received.

  5. Process Trade Notes Receivable (tfcmg4226m000)

    Select receipt method and set the Old Step (the step which is already processed) and the next trade note step in the Next Step field and select Process to process the trade notes.

  6. Selected Trade Notes Receivable for Processing (tfcmg4526m000)

    Review the trade notes receivables ready for processing. Select the Update Status check box and on the appropriate menu, select Process to process the trade note receivable selected.

  7. Posting Data (tfcmg1258m000)

    Click Post to create postings for the trade note step executed. In the Trade Notes Receivable (tfcmg4525m000) session, the TNR Status is updated with the current status selected. For example, the status changes to Sent to Bank for Discounting.
  8. Repeat the above 5th, 6th and 7th steps until the TNR Status in the Trade Notes Receivable (tfcmg4525m000) is set to Settled.

  9. Remove Settled Trade Notes Receivable (tfcmg4225m001)

    Select Remove to remove the selected range of trade notes. The trade notes with the TNR Status set to Settled, Cancelled, Dishonored, or Void are removed and also the documents linked to these trade notes are removed.