Bill of Exchange Statement Update (AP181)

Run Bill of Exchange Statement Update (AP181) to

Update cashed and dishonored bills of exchange.
Create general ledger distribution records for bills of exchange that were cashed and dishonored. This will debit the bill of exchange acceptance account, credit the cash account, and create a cash ledger transaction for each new statement that was created by Bill of Exchange Cashing Statement (AP167) for this cash code since the last time AP181 was run.
Update vendor balances.

Process at a Glance

When processing a cashed bill of exchange, AP181 changes the status of the invoices paid by the bill of exchange to historical. When processing a dishonored bill of exchange, AP181 reinstates the invoices associated with the dishonored bill of exchange. Depending on the reason the bill of exchange was dishonored, you can reschedule, maintain, or cancel the invoices.

You can run AP181 only if you chose the Bill of Exchange Draft Statement option on the Options tab of Pay Group (AP01.1).