- 2015-05-10 04:48:08
You can create a payment against any open AP transaction (such as Invoice, Prepaid Invoice, Expense Reports) by manually entering all the payment information in the payment form, or by using multi action payment form. A payment can take an electronic form; such as EFT or wire, or a printed form such as a check.
Processing methods determines the workflow of a payment.
You can use a Cheque payment to print a pre-formatted Cheque from the system.
You can use wire payment to create a system payment and pay the supplier outside the system by using Cash or any method which does not require any system action.
You can use EFT payment to create a system payment and generate a payment file from system to complete the bank transaction. The payment file format requirements are normally different for different banks. Make sure you create correct payment format file and assign it to the right processing method before using EFT payment.
Each AP payment document consists of 2 different levels of data
1. Header Level Information
2. Line Level Information
You can create a payment by various different methods.
1. Manually entering all the header, line & account details
2. By using multi-action payment form
3. Importing all the header, line information from an excel file.
4. Copying an existing payment in the payment form and then changing the data as required.