Manual Drafts
Manual drafts are also called customer acceptance drafts because a customer must accept them before they can be remitted to the bank. These types of manual drafts are available:
The supplier prints the draft with bank account information.
The supplier prints the draft with the bank name only.
The customer prints the draft with bank account information.
The customer prints the draft with the bank name only.
The system can distinguish drafts with only a bank name from those with complete bank account information. This is helpful because banks generally assess an additional fee to collect drafts if you do not provide account information.