Cash Supplier Check
Explanation
This activity is used to report that a supplier check has been cashed. The
confirmation by the payment institute that the check is cashed can be used as
a basis for reporting.
Prerequisites
In order to perform this activity:
- A mixed payment of the NotApproved status should exist.
- A supplier check of the Created status should exist.
System Effects
As a result of this activity, the following would take place once the mixed
payment is approved.
- The open supplier check amount will be debited based on the posting
rules defined for the PP21 posting type, and the cash account will
be credited based on the posting rules defined for the PP1 posting
type.
- The status of the supplier check will change to Cashed.