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Dynamics 365 Community / Blogs / Rahul Mohta blog for Microsoft Dynamics 365 Fin... / Bill of exchange (Accounts ...

Bill of exchange (Accounts Receivables) in Microsoft Dynamics 365 Finance and Operations

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Rahul Mohta Profile Picture Rahul Mohta 21,032

BOE Bill of exchange (Accounts Receivables) in Microsoft Dynamics 365 Finance and Operations

BOE (AR)

A bill of exchange is a written or electronic order from a customer specifying that another party, usually a bank, should pay a stated amount to the company.

When you use a bill of exchange as payment for a sales order invoice or free text invoice, you credit the customer account. That credit is secured by the bill of exchange until the customer pays the bill of exchange to the bank. You typically will settle the invoice with the bill of exchange on the due date. When you receive notification from your bank that the bill of exchange has been honored, you can close the bill of exchange.

Used with method of payment and a journal name per stage of BOE (Draw, Remit, Settle, Protest, Redraw)

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  • Community Member Profile Picture Community Member
    Posted at
    Is it possible to partial clear a Bill of Exchange? we have a customer who has offset a credit note we issued them against a Bill of Exchange?
  • Community Member Profile Picture Community Member
    Posted at
    can you partial clear the BOE, say if the customer has a credit note they want to use?