F Alternate Solution for NSF RiBa

This appendix contains this topic:

F.1 Process

RiBa, or accounts receivable drafts, are a common payment instrument in Italy. Italian businesses usually process (generate and remit to the bank) large volumes of RiBa on a daily basis. It is common for the bank to return a certain number of RiBa for non-sufficient funds (NSF).

You can process non-sufficient funds for RiBa using a country server and JD Edwards base software, or you can use an alternate custom solution that is provided by JD Edwards Italy.

The alternate custom solution consists of the following steps:

  1. Copying the bank file to a temporary AS/400 sequential file.

  2. Processing the sequential file.

    When you process the sequential file, the system:

    • Records the transactions for the non-sufficient funds (NSF) drafts. The system stores the transactions in the Customer Ledger (F0311) and Account Ledger (F0911).

    • Creates a control report. The report lists the following information:

      • Invalid records in the file, with an explanation of the type of error

      • NSF drafts that have been successfully reopened

      • Total number and amount of the records processed

  3. Verifying the data that is in the system. This includes recording the drafts that were returned for non-sufficient funds and the associated bank charges.

  4. Posting the transactions.

  5. Erasing the temporary sequential file.

Figure F-1 Process Flow Alternate Solution for NSF RiBa

Description of Figure F-1 follows
Description of "Figure F-1 Process Flow Alternate Solution for NSF RiBa"