Updating Bills of Exchange

This procedure creates general ledger distribution records for bills of exchange activity since the last time the programs were run. This includes bills of exchange that have been presented for remittance, cashed at a discount, cashed on their due date, or dishonored. There are two forms used to update BOE's, but it depends on whether you defined your company to use remittance control or not, on the BOE tab of Company (AR01.1). The following procedures will describe how to update bills of exchange and which form to use based on if you use remittance control or not.