Settle an endorsed bill of exchange

This task walks you through settling an endorsed bill of exchange.

Before you can complete this task, you must have an endorsed bill of exchange and an open vendor transaction.

This task was created using the demo data company JPMF.

Settle a vendor transaction that was generated by an endorsement

1. Go to Accounts payable > Payments > Endorse bills of exchange.
2. In the list, find and select the desired record.
   • Select a bill of exchange that has a status of "Endorsed".
3. Click Settle transactions.
4. In the list, find and select the desired record.
   • Select the transaction that was generated by the endorsement of the bill of exchange.
5. Select the Mark check box.
6. In the list, find and select the desired record.
   • Select the corresponding vendor transaction to settle with.
7. Select the Mark check box.
8. Click Post.

Settle an endorsed bill of exchange

1. Click Settle endorsed bill of exchange to open the drop dialog.
2. Click Settle endorsed bill of exchange.
   • You can change the settlement date if necessary.
   • Verify that the status has been updated to be "Endorsement settled".