Acknowledge Customer BoE Transfer in Mixed Payment
Explanation
This activity is used to cash a Bill of Exchange received from a customer. Cashing of a customer Bill of
Exchange takes place when the bill is posted to an interim cash account and sent to the relevant payment institute
for cashing. The confirmation by the payment institute that the bill was cashed can be used as the basis for
reporting the cashing.
Prerequisites
In order to perform this activity:
- A mixed payment of the NotApproved status should exist.
- A customer BoE transfer proposal of the Accepted status should exist.
System Effects
As a result of this activity:
- The total amount of the customer Bills of Exchange selected for cashing will be debited to a bank
account based on the posting rules defined for the PP1 posting type. The same amount will be credited to
an interim cash account based on the posting rules defined for PP24 posting type.
- The status of customer Bills of Exchange selected for cashing will change to Settled.
- The status of invoices included in the customer Bills of Exchange selected for cashing will change to
PaidPosted.