The Status field is used to specify the status of the recorded check or P. Note. The information at the lower right pane of the window varies depending on the selection made on the Check/P. Note status. The status options are:
In Portfolio: Indicates that the check or P. Note is in portfolio. The account receivable field is used to enter information regarding the AR/AP of the check or P. Note. Accounts receivable/payable records are listed, and the related AR/AP is selected.
Endorsed: Indicates that the check or P. Note is transferred into another AR/AP. The AR/AP code and title to which the check or P. Note is transferred is entered on the creditor account field, and the information of the AR/AP from which the check or P. Note is taken from is entered on the account receivable field.
Issued As Collateral: Indicates that the check or P. Note is issued to a bank as collateral. The bank account field is used to record the code and title of the bank to which the check or P. Note is issued as collateral. Banks are listed, and the related account is selected. Information regarding the AR/AP from which the check or P. Note is received is specified on the account receivable field.
Issued For Collection: Indicates that the check or P. Note is issued to a bank for collection. The bank account field is used to record the code and title of the bank to which the check or P. Note is issued for collection. Banks are listed, and the related account is selected. Information regarding the AR/AP from which the check or P. Note is received is specified on the account receivable field.
Issued For Collection (Protested): A status option applied only to P. Notes. Indicates that a Protested P. Note is issued to the bank for the collection. The bank account field is used to record the code and title of the bank to which the check or P. Note is issued for collection. Banks are listed, and the related account is selected. Information regarding the AR/AP from which the check or P. Note is received is specified on the account receivable field.
NSF/Protested: Indicates that the check is NSF or that the P. Note is protested. The account receivable field is used to record information regarding the AR/AP from which the check or P. Note is received.
Irrevocable: Indicates that the check or P. Note cannot be collected. The account receivable field is used to record information regarding the AR/AP from which the check or P. Note is received.
The Division field is used to specify the division to which the check or P. Note belongs. Divisions are listed, and the appropriate definition is selected.
The F. Currency Entry option located in the right mouse button menu of the check or the P. Note is used to enter the foreign currency information of transferred checks and P. Notes. Foreign currency info cannot be changed on the Check or P. Note accessed using "Update" option. Status changes of transferred checks and P. Notes are also performed on slips.