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You can manually create a bank register to use when remitting drafts. You select the drafts to include in the register. The system groups drafts that have the same due date and payment instrument into a single statement in the register.
Draft selection is an optional step in the draft process. You can skip this step and create your paper and magnetic remittances.
From Customer & Invoice Entry (G0311), choose Other Invoice Entry Methods
From Other Invoice & Receipts Entry Methods (G03111), choose Draft remittance/Collections
From A/R Drafts Remittance & Collection (G031112), choose an option under the Manual Bank Register Creation heading
You can manually create a bank register to use when remitting drafts. You select the drafts to include in the register. Bank registers must include only drafts that you will remit on magnetic tape or a printed register. It can include either regular drafts or discounted drafts.
You can have only one register per bank account. If a bank register exists, you can add drafts to it or remove drafts from it. You must completely process one register with one type of draft before you create another.
When you create a bank register, the system:
Changes the pay status of selected drafts from draft (D) to selected for payment (#).
Changes the pay status of removed drafts from selected for payment (#) to draft (D).
Updates the g/l bank account field of selected drafts.
Groups selected drafts into a single statement on the basis of due date and payment instrument.
Creates a batch (register) containing the drafts you selected. The register number is the batch number concatenated with a five-digit statement number.
This program updates information in the A/R Ledger (F0311) and A/R Draft Batch Header (F0313) tables.
The following example shows how the system groups drafts on the basis of payment instrument and due date.
|Draft Due Date||Draft Payment Instrument||Draft Amount||Due Date||Payment Instrument||Register Amount|
Verify whether a register already exists for the bank account
Complete the following field and press Enter:
Change the action to Add if no register exists or to Change if a register exists.
To limit your search, complete the following fields:
Minimum Draft Amount
If a register exists for the bank account, the system displays all drafts that you previously selected for remittance.
Choose the Display All function (F16) to display all drafts that meet your search criteria but have not been selected for remittance.
To add drafts to the register, choose the Select option for drafts you want to add.
To remove drafts from the register, type a space for the drafts you want to remove.
Complete the following field (optional):
Update Value Date
Do one of the following:
Press Enter or click Add
If you do not press Enter or click Add, the system does not include your most recent draft selections and does not update the total calculations for the batch.
Choose the Create/Update Register function.
|Bank Account||A field that identifies an account in the general ledger. You can use one of the following formats for account numbers:
The first character of the account indicates the format of the account number. You define the account format in the General Accounting Constants program (P000909).
|Dates Thru||Date the net payment is due (accounts receivable). In accounts payable, this is the discount due date.
If you leave this field blank in invoice entry or voucher entry, the system computes the due date using the invoice date and the payment terms code. If you leave the payment terms field blank, the system computes payment terms using the payment terms code from the Customer Master Information file (F0301) or Supplier Master Information table (F0401) for that customer or supplier.
Date that identifies the last date in a range of dates. If you type information in this field, the system displays only the drafts with a due date on or before this date. If you leave this field blank, the system displays all due dates.
Note: You must enter a date in this field or the Discounted Drafts Dates From field. If you type information in this field, you cannot also type information in the Discounted Drafts Dates From field. A register cannot contain both regular and discounted drafts.
|Amount Requested||The target amount requested when grouping Draft records for presentation to the bank. Used for the calculation to show the difference (#DIF) between what was wanted (#ARQ) and what has been selected (#ASC).|
|Minimum Draft Amount||A number that identifies the smallest draft amount to display. If you type information in this field, the system only displays drafts with a gross amount equal to or larger than the specified amount. If you leave this field blank, the system displays all draft amounts.|
|Update Value Date||The date that the item was debited or credited to the bank account.|
|Changing bank registers||You can also use Draft Selection for Payment to change registers for a specific bank account and date range.|
See Section 108.7, "Draft Selection for Bank Payment (P03255)" for more information.
Registers in Process is a journal review program. There is one important difference between Registers in Process and other journal review programs. This program is not used to approve transactions for posting. It is only used to review registers. Because of this, the Approved and Status fields are not relevant.
You can review transactions at three levels of detail using the following forms:
|Registers in Process||You can review register information at the batch level. You can also access Registers for Bank Payment from this form.|
|Registers for Bank Payment||You can review registers within a batch. You can also access Register Detail Inquiry and Draft Selection for Payment from this form.|
|Register Detail Inquiry||You can review drafts within a register.|
Because you can have only one register per bank account, locating a bank account shows its register. These forms only show information for active registers. That is, you can review information only for registers you have created but not yet remitted to your bank.
These programs display and update information in the A/R Ledger (F0311) and A/R Draft Batch Header (F0313) tables.
Section 11.1, "Reviewing and Approving Invoices" for more information about reviewing online journal information.
Display all batches for all users, or complete any of the following fields to limit your search:
Batch Date From/Thru
On Registers for Bank Payment, complete the following field: