Exact Financials (v3)

Finance Manual - [Tables, Maintenance, Banking, Cheques & Bill of exchange, Cheque & B/E accounts]

[Tables, Maintenance, Banking, Cheques & Bill of exchange, Cheque & B/E accounts]

Cheque & B/E code

Fill in a cheque & bill of exchange code.See Creating cheque and bill of exchange codes.

Cheque & B/E status

A general ledger account can be linked to each status of each bill of exchange code, if necessary. The status to which a general ledger account can be linked is indicated in this field. There are three options: 'Received', 'To be cashed' and 'To be discounted'.

If a cheque or bill of exchange changes status, and an account is linked to that status, Exact Financials C/S will generate an automatic entry in the cheque or bill of exchange journal after journalizing.

Example

Create separate links for 'Debtors bills of exchange received', 'Debtors bills of exchange to be discounted', etc.

General ledger account

Fill in the general ledger account you want to link to the cheque & bill of exchange code and to the status.

Finance Manual > Contents > Working with cheques and bills of exchange > [Tables, Maintenance, Banking, Cheques & Bill of exchange, Cheque & B/E accounts]