Example: Collected Drafts without Remittance

When you post a draft that has been accepted, the system creates these journal entries:

Document Type	Account Number and Description	Debit	Credit	Explanation Remark
R1	28.1222 Drafts Receivable	1.000,00		Draft Receipt
AE	28.1210.UC Unapplied Cash		1.000,00–
	Ledger Type Totals	1.000,00	1.000,00–

When you post the same draft after the collection step, omitting the remittance step, the system creates these journal entries:

Document Type	Account Number and Description	Debit	Credit	Explanation Remark
RC	28.1110.BEAR Bear Creek National Bank	1.000,00		Bank Deposit
R1	28.1222 Drafts Receivable		1.000,00–	Draft Receipt
	Ledger Type Totals	1.000,00	1.000,00–