Acknowledge Customer Check Cashing

Explanation

This activity is used to report that a check received from a customer has been cashed. The cashing of a check takes place when the check is posted to an interim account when sent to the payment institute for cashing. The confirmation by the payment institute that the check has been cashed can be used as a basis for reporting.

Prerequisites

In order to perform this activity:

• A mixed payment of the NotApproved status should exist.
• A check cashing proposal of the Printed status with at least one customer check should exist.

System Effects

As a result of this activity the following would take place once the mixed payment is approved.

• The relevant interim cash account will be credited based on the posting rules defined for PP35 posting type, and the cash account will be debited based on the posting rules defined for PP1  posting type.
• The status of the check will change to Cashed.

Window

Mixed Payment

Related Window Descriptions

Mixed Payment

Mixed Payment/Transactions

Procedure

To acknowledge customer check cashing:

1. Open the Mixed Payment window and query for the mixed payment you want to use for acknowledging the customer check cashing.
2. Create a new record in the Transactions tab.
3. Select Acknowledge Customer Check Cashing for the Payment Transaction Type field.
4. Enter the currency of the proposal you want to cash in the Currency field. The List of Values can be used to select the currency.
5. Enter the ID of the proposal you want to cash in the Proposal ID field.
6. Save the information. The checks included in the proposal will be displayed in the Matching Transactions tab when you select the transaction you saved.
7. Remove any check you do not want to cash from the Matching Transactions tab and save.