Updating bills of exchange

You can update cashed and dishonored bills of exchange. Simultaneously, you create general ledger distribution records for bills of exchange that have been cashed and dishonored and update vendor balances. This procedure describes the process for updating bills of exchange.

Update bills of exchange

  1. Run Bill of Exchange Cashing Update (AP180) to create a listing of bills of exchange that are cashed or dishonored.
  2. Specify this information:
    Online Selection Only

    If you select No, the program updates bills of exchange marked as cashed or dishonored in Bill of Exchange Cashing Selection (AP80.1) and automatically updates mature bills of exchange as cashed. The program automatically marks a bill of exchange as cashed if the bill of exchange due date falls on or before the Due Date you define less the Margin Days you define.

    If you select Yes, the program updates only bills of exchange that have been marked as cashed or dishonored in Bill of Exchange Cashing Selection (AP80.1).