Bill of Exchange Cashing Statement (AP167)

Run Bill of Exchange Cashing Statement (AP167) to create a statement of bills of exchange drafts which have been selected for cashing by the bank on the same date.

Note: If you have defined your pay group to use the Bill of Exchange Draft Statements option in Pay Group (AP01.1), the application does not allow you to process bills of exchange individually. You must run AP167 to produce a bill of exchange statement that groups all the bills of exchange that will be cashed by the pay group's bank on a certain date.

Process at a Glance

The process begins when you receive a bank statement indicating all the bills of exchange that will be cashed on a certain date. Use Bill of Exchange Cashing Selection (AP80.1) to mark the bills of exchange in the bank statement as cashed (or dishonored, if applicable).

Run AP167 in non-update mode (Update field = No) until your statement matches the bank statement. You can change your cashing selection in AP80.1, dishonor bills of exchange in AP80.1, or cancel bills of exchange in AP28.1 as necessary. When your statements match, run AP167 in Update mode.

Processing Effect

The form creates a statement of all the bills of exchange cashed by the bank on a certain date, assigns a number to the statement, and updates each bill of exchange in the statement with the statement number.