Automatic Draft Application

For pre-accepted bills of exchange, you can automatically apply these drafts to the individual open items for which they were created.  The Automatic Draft Application Program matches these pre-accepted drafts with their corresponding invoices, debit memos, and credit memos (consolidated drafts only) to format the Batch Payment Application input files (AR125AP1 and AR125AP2).  In the same job stream, the Batch Payment Entry Program is then run to actually create the payments and generate all necessary accounting transactions.