Create notes receivable to record future-dated payments in Receivables. With this type of payment, funds are transferred from the note issuer's bank to the note holder's bank on the note maturity date.

You can only enter notes receivable manually using the Receipts window, you cannot create notes using the Receivables Automatic Receipts feature.

To create a note receivable:

1. Navigate to the Receipts window.

2. Enter the Receipt Method that you assigned to your Notes Receivable Receipt Class.

3. Enter basic information for this note including note Number, Currency, Amount, and GL Date.

   See also: Entering Receipts.

4. Enter the maturity date.

   The default Maturity Date is the same as the deposit date. The Maturity Date is the date that funds will be transferred from the note issuer's bank to the note holder's bank.

5. Choose a Receipt Type of Standard.

6. If the system option Require Billing Location for Receipts is set to Yes, enter a bill-to Location.

7. If bank charges apply, then enter an amount for Bank Charges.

8. Modify the remittance Bank Account (optional).

9. If you are using manual document numbering, then open the More tabbed region and enter a unique Document Number.

10. Enter the note Deposit Date.

    The default deposit date is today's date. You can change the deposit date, but for a note receivable, the deposit date should not precede the Receipt Date (note date).

11. Optionally use the Override field to prevent the receipt Remittance bank from being automatically overridden during the remittance process.

12. In the Notes Receivable region, enter the following information:

    Issuer Name: (optional) The name of the person who issued this note. The note issuer does not need to be defined in Receivables.

    Issue Date: The Date you are issuing this note. The default is today's date, but you can change it.

    Issuer Bank Name: Enter the bank from which this note was issued, or select a bank from the list of values.

    Issuer Bank Branch: Enter the bank branch from which this note was issued, or select a branch from the list of values.

13. Save your work. Receivables assigns this note a status of Confirmed.