Use this program to automatically update the status of matured bills payable from Issued to Negotiable. If the payment's Maturity Date is on or before the Maturity Date parameter you specify and on or before the system date, then the system updates the payment's status. This program creates journal entries to record the status change of the payment. It then creates the Matured Bills Payable Report, which lists the updated payments and notifies you of any exceptions the program encountered.
The report data is printed in the following order: bank name, bank account, payment document, payment number.
Suggestion: Set up this program to run nightly.
You submit this report from the Submit Request window. See: Submitting Standard Reports, Programs, and Listings.