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JD Edwards World Accounts Receivable Guide
Release A9.3

E21489-02
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50 Enter Drafts

This chapter contains these topics:

50.1 Entering Drafts

Navigation

From Customer & Invoice Entry (G0311), choose Other Invoice Entry Methods

From Other Invoice & Receipts Entry Methods (G03111), choose Daily Draft Operations

From A/R Drafts Daily Operations (G031111), choose an option under the Draft Acceptance heading

Whether you originate the draft or your customer does, you must enter it into the Accounts Receivable system before you can process it. Entering a draft is equivalent to accepting it. You can enter drafts in one of the following ways:

When you enter drafts, the system processes them in the same way as receipts except that the system:

50.2 Entering Manual Drafts

You use one of the following forms to enter a draft manually, depending on whether you originate the draft or your customer does:

Form Description
Enter Our Drafts Use this form when your company originates drafts for the customer to sign and return.
Enter Customer Drafts Use this form when the customer originates the draft and sends it to your company to be accepted.

The fields you complete on Enter Our Drafts and Enter Customer Drafts are the same. The programs are two different versions of P03103 with the difference being how the Drafts Processing processing options are set.

To enter manual drafts

On Enter Our Drafts or Enter Customer Drafts

Figure 50-1 Enter Our Drafts screen

Description of Figure 50-1 follows
Description of "Figure 50-1 Enter Our Drafts screen"

  1. Complete the following fields:

    • Draft Number

    • Company

    • Draft Amount

    • Customer Bank Account Number

    • Draft Date

    • Deposit Date (G/L)

    • Due Date

    • Remark (optional)

    • Reference (optional)

  2. Complete the following fields for each pay item:

    • Amount Applied

    • Account (Customer) Number

    • Invoice Number (optional)

    • Pay Item

  3. Access the detail area (optional).

    Figure 50-2 Enter Our Drafts (Detail) screen

    Description of Figure 50-2 follows
    Description of "Figure 50-2 Enter Our Drafts (Detail) screen"

  4. Complete the following optional fields:

    • Remark

    • Offset

  5. Press Enter.

Field Explanation
Invoice Number/Draft Number The number of the document, such as a receipt, an adjustment, or a credit that you apply against an original document, such as an invoice. For example:

Original (DOC)-Matching Rec/Item (DOCM)

A/R Original Invoice - Invoice

Receipt - Invoice - Receipt

Credit Memo/Adjustment - Invoice - Credit Memo

A customer's document number on a receipt. This number must be unique within the batch. It can also be an item number used for spreads, adjustments, or other types of receipts.

Invoice Amount / Draft Amount The amount of the receipt from the customer. This amount must balance to the detail of the amount applied to the open invoices.
Reference An alphanumeric value used as a cross-reference or secondary reference number. Typically, this is the customer number, supplier number, or job number.

Form-specific information

This field is commonly used to identify the original invoice number because the system does not identify it when it creates an R1 original draft document.


50.2.1 What You Should Know About

Topic Description
Including a reference number during draft entry When entering a draft, you might want to include a reference number on it. French clients commonly do this so that the reference number appears:
  • In the magnetic draft file

  • On the paper draft

Although French clients do not generally enter more than a 10-character reference number, the Reference Number on Enter Drafts can handle up to 25 characters. This makes the reference number useful for other countries. This number is for informational purposes only.


50.2.2 Processing Options

See Section 105.4, "Receipts Entry (P03103)."

50.3 Creating Automatic Drafts

Navigation

From Customer & Invoice Entry (G0311), choose Other Invoice Entry Methods

From Other Invoice & Receipts Entry Methods (G03111), choose Daily Draft Operations

From A/R Drafts Daily Operations (G031111), choose Pre-authorized Drafts

In some cases, the supplier and customer might agree in advance that the customer pays with a draft. The supplier does not print and send a draft to the customer, but instead sends the draft to the supplier's bank for collection. The supplier's bank collects funds from the customer's bank. This process is called automatic or pre-authorized draft processing.

You create automatic drafts by running Pre-authorized Drafts (P03571). You can run this program in either proof or final mode.

Proof mode Final mode
You can choose to print a detailed or summarized list of transactions:
  • Detail - prints a list of each invoice to be paid by draft.

Summary - prints a summary of all invoices by customer, due date, and payment instrument to be paid by draft

You can make the same selections as in proof mode. In final mode, the system:
  • Creates drafts

  • Creates the journal entries that debit the drafts receivable account and credit the accounts receivable account

  • Changes the pay status to D (draft accepted)

  • Generates a report

Creates a table you can copy to tape


Whichever mode you choose, you can review the information and make necessary changes. You can use the Standard Invoice Entry form or the Speed Status Change form to change the pay status.

Figure 50-3 A/R Batch Draft Creation report

Description of Figure 50-3 follows
Description of "Figure 50-3 A/R Batch Draft Creation report"

50.3.1 What You Should Know About

Topic Description
Abbreviated column headings PI indicates Payment Instrument