This activity is used in the Mixed Payment window to report that a Bill of Exchange, received from a customer, has been cashed, if the bill was posted to an interim cash account when sent to the Payment Institute for cashing. As a basis for reporting, use the payment institution's confirmation that the bill was cashed. When the bill is cashed, a voucher is generated with postings to interim cash account and cash account. The status of the bill is changed to Settled.
This activity requires that information has been entered in the General tab of Mixed Payment.
If the Keep BoE Open when Cashing Before Due Date check box is selected in the Payment Documents window, the Customer BoE Cashed in Advance account (PP25) is debited and the BoE customer claim account (PP27) or the Open Customer BoE Cashed in Advance account (PP50), depending on whether the BoE claim is reposted, is credited.
To Cash a Customer Bill of Exchange: