Accepting Bills of Exchange

This procedure is required if you selected Yes in the Acceptance field on BOE Payments (CB00.8). When you enter a customer's information and acceptance date, the system changes the bill of exchange status to Accepted and makes them available to be selected for presentation using Remittance Selection (DT160) or Remittance Selection (DT60). What Setup is Required for Bills of Exchange?

To accept bills of exchange

  1. Access Bill of Exchange Acceptance (DT30.1).
  2. Type the company and bill of exchange you want to accept. Type the customer's acceptance information. Use the following guidelines to enter field values:
    Accepted Date

    Type the date the customer accepted the bill of exchange. If left blank, the system date defaults.

    Post Date

    Type a date used to post the accepted bill of exchange to the general ledger. If left blank, the accepted date defaults.

    – or –

  3. Access Customer Bill of Exchange Acceptance (DT30.2).
  4. Use this form to display bills of exchange created for a customer in the Accounts Receivable application and to enter acceptance information for bills of exchange that have been accepted by the customer.
  5. Select the "T" (Accept) line action to accept the bill of exchange.
  6. Click the More button to open the Bill of Exchange Acceptance subform. Type the customer's acceptance information.