Remittance Cashing

After remittances have been generated, you will need to mark the bills of exchange as cashed, or dishonored by the bank. This procedure must be done to both encashed and discounted bills of exchange.

If the bill of exchange is dishonored, you have three options how to resolve them; receive a cash payment, write off the bill of exchange, or renegotiate a new open item.

To learn these procedures, see:

• Cashing Encashed Bills of Exchange

• Cashing a Bill of Exchange Without Remittance

• Cashing Discounted Bills of Exchange

• Dishonoring Bills of Exchange

• Resolving Dishonored Bills of Exchange

• Flowcharts