Entering Customer Issued Bills of Exchange

A customer issued bill of exchange requires entering the payment, releasing the BOE, and applying open items. Upon releasing the BOE, an Accepted status will be attached to the bill of exchange, which makes them available to be applied to open items.

To enter customer issued bills of exchange

  1. Access Customer Bill of Exchange Entry (DT40.1).
  2. Enter customer-issued bill of exchange information, such as, amount, BOE date, due date, process level, payment code, and customer bank.
  3. Select the Release form action to release the bills of exchange. When you release a customer bill of exchange, the bill of exchange has an Accepted status and can be selected for remittance, and applied to open items.
  4. After the bill of exchanged is released, the Application button appears. Click the Applications button to open On Account Application (AR33.1). Apply bills of exchange to open or partially applied obligations or to partially apply bills of exchange to obligations. Entering and applying cash

    If you need to adjust the applications use Application Adjustments (AR35.1). Adjusting Unposted Applications

  5. Optional. Click the Currency button to override the exchange rate if the BOE currency is different from the company base currency.