Summary Method

If you set the processing option to create summarized journal entries, when you enter the draft, the system does not update the A/R Post Status field (ISTR field in the Receipts Header table (F03B13). When you post drafts, the system:

• Creates one record in the F0911 table for each batch of drafts posted.

• Assigns the document type of RK to the entry for the bank account (either at collection or at remittance, if you remit discounted drafts with contingent liability).

• Assigns the batch number as the document number.

To create summarized journal entries, you must also verify:

• The offset method in the Accounts Receivable Constants is set to a value of B (batch mode).

• The intercompany settlement option in the general accounting constants is set to a value other than 2 or 3.

Otherwise, the system generates detailed journal entries.