Bill of Exchange Cashing Update (AP180)
Run Bill of Exchange Cashing Update (AP180) to create general ledger distribution records for bill of exchange activity that has occurred since the last running of AP180. This includes bills of exchange that have been cashed or dishonored.
The form creates a listing of bills of exchange that have been cashed or dishonored.
Processing Effect
If you select Yes in the Online Selection Only field, AP180 updates only bills of exchange marked as Cashed or Dishonored in AP80.1 (Bill of Exchange Cashing Selection).
If you select No in the Online Selection Only field, AP180 automatically cashes bills of exchange that have a due date on or before the Due Date less the Margin Days you define. It also updates bills of exchange that you marked as Cashed or Dishonored in AP80.1 (Bill of Exchange Cashing Selection) as long as the bill of exchange due date falls on or before the Due Date less the Margin Days you define.
When AP180 processes a cashed bill of exchange, it changes the status of the invoices paid by the bill of exchange to historical.