Drafts Remitted (RD2x)

The RD2x AAI item defines the drafts remitted account to debit when you remit drafts for cash. The system automatically debits the drafts remitted account (RD2x) unless you override it in the processing options, and credits the drafts receivable account (RD1x).

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

T-account for draft remittance with the RD2x AAI

When you collect drafts, the system debits a bank account (RB) and credits the drafts remitted account (RD2x).

This graphic illustrates the AAI and account that the system uses to create accounting entries for draft collection:

T-account for draft collection with the RD2x AAI