Understanding Online Draft Registers

You can manually create an online register to use when remitting drafts to the bank. This is an optional step in the draft remittance process. When you create a register, you select the drafts that you want to remit to the bank for collection. You must remit those drafts to the bank by running the Draft Remittance program (R03B672) before you can create another register for the same bank account; however, you can add and remove drafts from an existing register before you remit them.

The advantages of creating a register before remitting drafts are:

• Drafts are organized for collection by payment instrument and due date.

• An online record of the drafts to be remitted is provided for you to review.

• An easy method of selecting drafts when you run the Draft Remittance program is provided (you can select by draft register number).

• The draft status is updated so that the same drafts are not remitted accidentally to the wrong bank for collection.

You can include either regular drafts or discounted drafts on the register, but all drafts must be in the same transaction currency.

When you create a register, the system:

• Creates a batch header record in the Batches table (F0011) with a batch type &B.

• Changes the pay status of the selected draft invoice records (F03B11) from D (draft accepted) to # (selected for payment).

• Updates the GL bank account on the selected draft receipt records (F03B13).

• Assigns a register number (DREG field) to the selected draft receipt records (F03B13) by concatenating a 5-digit number (starting with 00001) to the batch number.