Prepare Consolidated Draft Statements

The Consolidated Draft Statement is printed for customers paying on a statement basis who are using drafts.  At invoice/debit memo creation time, if a customer is paying on a statement basis, a draft will not be created.  Instead, draft consolidation is run which groups documents together for a particular customer/due date/currency code and creates one draft to cover the entire open amount.  If the total open amount for a customer/due date/currency code is less than or equal to zero, a statement will not be created.  However, a Document Exception Report will be created to let you know why these documents were not on any statements.

Select Report Selection Criteria Screen

1.   Enter the Consolidated Draft Selection option on the Draft Management Menu to display the Report Selection Criteria screen (DM300S01).

Specify Processing Parameters

2.   The company/location and payment type are required.  The payment type must be a bill of exchange.

The monthly, weekly, or user-defined periodicity option must be specified.  The statement code is only required if the user-defined periodicity is specified.  (See the Screens section for an explanation of these processing options.)

Press the ENTER key to submit a job to print the Consolidated Draft Statements (DM500A).  The message Requested Job(s) Submitted is displayed on the screen.

Press F3 - Exit to return to the Draft Management Menu.