1. Accounts Receivable Implementation Guide
  2. Drafts Receivable (RD1x)

Drafts Receivable (RD1x)

The RD1x AAI item defines the drafts receivable account to debit when you accept a draft. The system automatically debits the drafts receivable account (RD1x) unless you override it in the processing options, and it credits the A/R trade account (RCxxxx, where xxxx equals the G/L offset).

This graphic illustrates the AAIs that the system uses to create accounting entries for draft acceptance:

T-account for draft entry with the RD1x AAI

When you remit drafts, the system debits drafts remitted (RD2x, RD3x, or RD4x) and credits drafts receivable (RD1x).