E1: 03B: Customer Supplier Balance (R7404002) Will Show the Draft Amount as Credit Before the Draft Is Collected (Doc ID 3064646.1)

Last updated on DECEMBER 22, 2024

Applies to:

Symptoms

After a draft is entered and remitted, the Generate Customer Balance (R7403B001) and Customer Supplier Balance (R7404002) will show the Invoice Amount as Debit and Draft Amount as Credit, making the balance for the two zero, before the Draft is actually collected.

Steps:

1. With Standard Invoice Entry (P03B2002) enter standard invoice.
2. With Work With Drafts (P03B602) enter draft and match with invoice from step 1. (Use a P03B602 version with POs under tab Process field Draft type = 1). Then post the Draft.
3. Run Draft Remittance (R03B672). Then Post the Remittance batch.
4. Run Draft Collection then post the collection. Set collection Journal Entry GL Date in a different period than the Draft.
5. Check P03B2002 with As Of after remittance but before collection. Notice the amount from the draft is showing as Open.
6. Check P03B2002 with As Of after collection and notice the amount from the draft is no longer open. So the debt is considered close after collection only.
7. Run Generate Customer Balance (R7403B001) with Thru Date before the Collection GL Date:
8. Run Customer/Supplier Balance (R7404002) and notice the Draft Amount is shown as a credit although the Draft has not yet been collected.

Changes

Cause

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