Canceling Draft Remittances

Pages Used to Cancel Draft Remittances

Page Name	Definition Name	Usage
Cancel Remittance Selection Page	DRAFT_DISH_SEL_IC	Build a cancel remittance worksheet.
Cancel Remittance Application Page	DRAFT_DISH_WORK_IC	Select draft remittances that you want to cancel.

Understanding the Cancel Remittance Process

You can cancel a draft remittance either before or after the draft due date, but before you reconcile it. For discounted drafts, you must cancel the remittance before the discount date or after you dishonor it. You can cancel a draft remittance if the customer failed to pay the draft, but promised that there would be sufficient funds to cover the amount of the draft.

After you select drafts remittances to be canceled, run the Receivables Update process to:

• Create accounting entries.

• Update the activity table.

• Change the draft status to Accepted.

  The draft is still posted, so you can select it again for remittance. You cannot access the draft on the draft worksheet.

Cancel Remittance Selection Page

Use the Cancel Remittance Selection page (DRAFT_DISH_SEL_IC) to build a cancel remittance worksheet.

Navigation:

Accounts Receivable, and then Drafts, and then Cancel Draft Remittance, and then Cancel Draft Worksheet, and then Cancel Remittance Selection

The fields on this page are the same as those on the Dishonor Draft Selection page.

Cancel Remittance Application Page

Use the Cancel Remittance Application page (DRAFT_DISH_WORK_IC) to select draft remittances that you want to cancel.

Navigation:

Accounts Receivable, and then Drafts, and then Cancel Draft Remittance, and then Update Cancel Draft Worksheet, and then Cancel Remittance Application

The fields on this page are the same as those on the Dishonor Draft Application page.