When a protested bill of exchange has been resolved, you can use a Redraw bill of exchange journalto settle the protested bill of exchange. A new transaction is created that has a Redrawnstatus with reference to the protested bill of exchange.

1. Click Accounts receivable> Journals> Bill of exchange> Redraw bill of exchange journal.

2. Create a journal and click Lines.

3. Select the customer account for the invoice that corresponds to the bill of exchange that is being redrawn.

4. Click Functions> Settlementto open the Open transaction editingform.

5. On the Overviewtab, select an open, protested transaction.

6. Close the Open transaction editingform.

7. In the Journal voucherform, click the Session IDtab. Verify that the information is correct.

8. Click Post> Post.

The redrawn bill of exchange, and a related line with a Redrawnstatus and a sequence number of 2 or greater, is shown in the Bill of exchange journalinquiry form. In the Bills of exchange statisticsinquiry form, the number in the Redrawn billsrow is increased, and the number in the Protested billsrow is decreased.

When the journal is posted, the Bill of exchange summary account is debited and the Protested bill of exchange summary account is credited.