Generating and Presenting Bank Remittances

In this procedure, you will create a remittance print file or tape file to present to the bank. The bank would determine if a computer tape or printed documents were required.

Depending on how you filled in the Remittance Control field on the Processing tab of Company (AR01.1) will dictate how you generate remittances. There are two processes:

To learn these procedures, see:

  1. With Remittance Control - the system creates remittances consisting of BOE's with the same maturity date. This process parallels the way the banks process bills of exchange and makes bank reconciliation much easier.
  2. Without Remittance Control - with this method, you create a remittance form to present bills of exchange to your bank for cashing.