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Home > JDE Solutions > Financial Management (FMS) > Accounts Payable > Processing Accounts Payable Drafts

An accounts payable draft is a promise to pay a debt. Creating a draft is a multi-tier process that involves several steps.

 

With draft processing, a bank holds the document and releases the payment to the payee on a set date, which reduces the risk of default for both pay issuer and payee.

 

Note: You can also use the manual payment process to create accounts payable (AP) drafts.

 

Upon completion of this lesson, you will be able to: 

  1. • Understand the accounts payable draft process.
  2. • Understand setup requirements for processing accounts payable drafts.
  3. • Create accounts payable draft vouchers.
  4. • Create draft payments.
  5. • Update and post draft payments.
  6. • Close and post drafts.
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