Option for selecting BOE's for remittance

To remove or add bills of exchange selected for remittance using Remittance Selection (DT160). This procedure is used only for companies who do not use remittance control.

  1. Access Remittance Selection By Due Date (DT60.1) or Remittance Selection By BOE Nbr (DT60.2).

  2. To remove a bill of exchange from the remittance, select the Change form action and the Unselect line action. When you unselect a bill of exchange, the system changes the status from Select for Remit to Accepted.

  3. To assign an available bill of exchange to the remittance, select the Change form action and the Select line action. When you assign an available bill of exchange, the system changes the status from Accepted to Select for Remit.

To select bills of exchange for remittance with remittance control

  1. Access BOE Remittance Selection - Tape Generation (DT161).

    Note: DT161 is used only if your company uses remittance control.

  2. Select the company, process level, cash code and payment code. Run the program to select Accepted bills of exchange for remittance, create the remittance, and present the remittance to the bank. Use the following guidelines to enter field values:

    Type

    Select the type of remittance:

    Discounted - is a bill of exchange sold before the due date at a discount.

    Encashed - is a bill of exchange held until the due date.

    Update Opt

    Select No to check the listing of remittances that will be produced before you update. Select Yes to update the remittances.

    Generate Bank File

    If you select Yes and the Update Option is also Yes, the program creates a tape file that contains all the information needed by the bank (although not in bank-specific format).

    If you select No, you must run Generation of French BOE Bank File (DT166) to create a bank file. Generating Bank Remittances

    Or run Generation of Bank Remittance (DT165) to create a print file. Generating Bank Remittances

    Remittance Presentation

    If you specify Yes and the Update option is also Yes, the program sets the status of all remittances produced to Presented.

    If you select No, you must run Remittance Presentation (DT70.1) to set the status of the remittances to Presented. Maintaining Remittances

    When you run DT161 in Update mode (Yes selected in the Update Opt field) and the Generate Bank File and Remittance Presentation fields are set to Yes, the program:

    • creates a remittance for each day within the maturity date range.

    • assigns a remittance number to each remittance.

    • Optional. creates a tape file that contains all the remittance information required by the bank (although not in bank-specific format).

    • sets the status of the remittances and bills of exchange to Presented.

  3. If you selected Yes in the Update field on DT161 and you want to remove the bill of exchange, you will need to cancel and recreate the bill of exchange. Maintaining Released Bills of Exchange

  4. Run BOE Remittance Selection - Tape Generation (DT161) again to create the remittance.