Use the Bills Receivable window to manually create a bill receivable and assign transactions to the bill. You can also query and update existing bills receivable in this window.

You can designate a maximum amount for the bill. If you do, then the total amount of the transactions assigned to the bill must equal the designated maximum amount in order to complete the bill. If you do not designate a maximum amount, Receivables calculates the amount of the bill as the sum of assigned amounts when you complete the bill.

The values for the Signed and Issued by Drawee boxes are derived from the bills receivable transaction and are displayed for reference only. Receivables updates the Acceptance Date and Acceptance GL Date when a bill that requires acceptance is accepted, and updates the Remittance Date and Remittance Batch when the bill is remitted.
After you enter general information to create the bill, you can:

• Enter drawee and remittance bank information.
• Assign transactions to the bill.
• Complete the bill.
• Accept a bill.

Pre-requisities

• Define AutoAccounting.
• Define bills receivable transaction types.
• Define transaction batch source(s).
• Define customer drawees and drawee sites..
• Define document sequences (optional).
• Create a customer with drawee site.