Dishonoring Bills of Exchange

You might need to mark bills of exchange that have not been honored by the bank. You can dishonor Presented or Cashed status bills of exchange that have been cashed at a discount but have not yet reached their due date. The following procedure will detail how to dishonor bills of exchange.

To dishonor a bill of exchange

  1. Access Dishonor Bill of Exchange (DT90.1).
  2. Select the company and customer. Use the following guidelines to enter field values:
    Filter

    Click this button to limit the bills of exchange that display.

    Bank Expense

    Click this button to enter bank charges at a summary level for a customer.

    More

    Click this button to assign a dishonored date or enter bank charges associated with a specific bill of exchange.

  3. To mark a bill of exchange as dishonored, select the Change form action and the Dishonor line function next to the bill of exchange that has been dishonored.
  4. To reverse a dishonored bill of exchange, select the Undishonor line function next to the bill of exchange you want to reverse. This action returns the bill of exchange to its previous status. If you need to reverse a dishonored bill of exchange after updating, use Dishonored Resolution (DT92.1). Resolving Dishonored Bills of Exchange