Cash Supplier Bill of Exchange Mixed Payment
Explanation
This activity is used to cash a supplier Bill of Exchange.
The cashing takes place when the Bill of Exchange is posted to an interim cash
account. The confirmation by the relevant payment institute that the bill is
cashed can be used as the basis for reporting in IFS Cloud.
Prerequisites
In order to perform this activity:
- A mixed payment of the NotApproved
status should exist.
- A supplier Bill of Exchange of the Created
status should exist.
System Effects
As a result of this activity, the following system effects take place once
the mixed payment is approved.
- The supplier Bill(s) of Exchange amount will be included in the voucher
created in the hold table. The amount will be debited based on the posting
rules defined for the PP26 posting type. This amount will be credited
from a bank account based on the posting rules defined for the PP1
posting type.
- The status of the supplier Bills of Exchange selected for cashing will
change to Settled.