You can draw a bill of exchange automatically or in a draw bill of exchange journal. A bill of exchange always is based on an open customer transaction, either a sales order invoice or a free text invoice.

Note Note

When you transfer transactions to a journal, the way that due dates are handled depends on how you select the transactions. If you click > to select transactions using a query that is set up to select the total number of payments that are due as of a specific date, the date that you enter in the field is used for all transferred transactions. If you select transactions manually in the form, the latest due date of the selected transactions is used.


Draw a bill of exchange automatically

You can draw a bill of exchange automatically when you post or update a sales order invoice or a free text invoice.

To automatically draw bills of exchange for sales order invoices or free text invoices that are posted for a method of payment, be sure that the check box in the form is selected. For more information, see Customer methods of payment (form).

Draw a bill of exchange in a journal

You can draw a bill of exchange manually in a draw bill of exchange journal.

To manually draw bills of exchange for a method of payment, be sure that the check box in the form is cleared.

  1. Click > > > .

  2. Create a journal and click .

  3. Select a customer account and click > to open the form.

  4. Select the check box for an open transaction.

    Note Note

    To transfer open transactions to the journal by using a payment proposal, click > .


  5. Close the form.

  6. Click > .

    The bill of exchange, and a related line with a status of and a sequence number of 1 or greater, is shown in the inquiry form. The bill of exchange also appears in the form.

    When the journal is posted the Bill of exchange account is debited and the Customer summary account is credited in the general ledger.

    Note Note

    If you cannot post and you receive an error message that mentions posting restrictions, you might be set up to post only journals that you created. For more information, see Posting restrictions (form).


See Also