Cashing Encashed Bills of Exchange

After generating bills of exchange, you will need to mark the bills of exchange as cashed. If you encashed bills of exchange using DT160 or DT161, you will use this method to mark the bills of exchange. This procedure describes how to mark encashed bills of exchange as cashed. You can also mark discounted bills of exchange. Cashing Discounted Bills of Exchange

To mark encashed bills of exchange as cashed

  1. Access Bill of Exchange Cashing Selection (DT80.1).
  2. Select the cash code that represents a bank account you remit bills of exchange to. The program will display all encashed bills of exchange that were submitted for the cash code in Generation of Bank Remittance (DT165). Use the following guidelines to enter field values:
    Line Action

    Select Cash next to the bill of exchange that has been cashed or cleared by the bank.

    Select Uncash next to the bill of exchange you want to reverse. This action returns the bill of exchange to a Presented for Remittance status.

    Expense button

    Click this button to open Cashing Options (DT80.3). Enter bank charges associated with a specific bill of exchange.

    Bank Expense button

    Click the Bank Expense button to open Bank Expenses (DT80.4). Type bank or administrative charges associated with processing bills of exchange for the entire cash code.