Posting the Payment of a Check/Bill of Exchange in Accounts Payable
Posting the Payment of a Check/Bill of Exchange in Accounts Payable
Once the bill of exchange has been debited by your bank, this debit is shown on your bank statement. You must clear both the outgoing payment from your bank account and the bill of exchange in your bank sub-account for checks/bills of exchange.
To do this, from the General Ledger menu, choose Document entry
® Post with clearing. You can select any clearing procedure. All further procedures for clearing open items are described in
Clearing Open Items.