Understanding Draft Stamps

Spanish law allows you to collect payment on multiple invoices by combining those invoices on a draft. The government collects a fee on drafts by requiring that the draft be printed on special paper with a government stamp. Spanish businesses pay the fee by purchasing the stamped paper. The amount of the fee depends on the amount of the draft. The government provides various stamps that correspond to the different fees.

To process drafts in the JD Edwards EnterpriseOne Accounts Receivable system, you need to set up a fee table. The fee table lists the fees for various draft amounts. You can set up more than one fee table and distinguish one from another by currency code, months outstanding, or effective date. For example, you might set up one fee table for drafts that are due within six months and another fee table for drafts with a due date that is more than six months away.

When a draft amount exceeds the upper limit on the fee table, the government increases the fee amount in proportion to the increase in the draft amount.

You should set up fees for draft stamps when you begin using the JD Edwards EnterpriseOne Accounts Receivable system to process drafts. You can revise the table of fees if the government changes the fees.

The system stores fee tables in these tables:

• Stamps (Timbres) Fee Detail (F74S502).

• Stamps (Timbres) Fee Header (F74S505).