You create a payment order to be sent to the financial institute. When a payment order is created it is allowed to maintain, print and update documents in the proposal. It is necessary to create a payment order to be able to create temporary postings or to update the Accounts Payable. Note: You may re-create the payment order if Re-create payment order is set to YES in the A/P control file.
Cheque payments
If the payment mode is set up to print cheques, then the cheques will be printed when you run the Create payment order function. The numbers used on the printed cheques are assigned in two different ways. See section Cheque payments/Printing.
- Select the Work with A/P payment proposals menu item.
- On the Overview panel, select the applicable proposal and click Payment order.
- You access A/P payment proposal, Create payment order. On this panel you can override the payment type and our bank if they are defaulted from Work with A/P payment modes.
- Pay type
- Mandatory entry. This field controls the information about the payment that you want to send to the financial institute. You can create different payment types in a payment mode. For example, if your company uses different currency accounts, you can create a payment type for each of these accounts.
- Our bank
- Mandatory entry. Our bank controls the information about your company’s bank(s) that you want to send to the financial institute. You can have several banks in one payment mode, but then these banks must belong to the same bank group in Work with banks.
- Transfer type
- Only shown if transfer types have been entered in Work with transfer types and in Work with system bank group details. The entry in this field decides how you want to create the payment order and how to transfer your information to the financial institute. This could, e.g. be a list or a diskette. You can override this field if it is defaulted from Work with system bank group details.
- You access A/P payment proposal, Create payment order showing information about your payment order, e.g. the amount that will be paid when you update the proposal. Enter the printing parameters and click OK to create the payment order.
Click OK.
Remittance advice
In this section you specify the parameters for printing a remittance advice, if applicable. Remittance advice must be set to YES for the used payment mode in Work with A/P payment modes. Click OK to update.
When you have created a payment order it is still possible to maintain, print and update documents in the proposal, and you may continue with creating temporary postings or update the proposal.
Related topics
- About working with A/P payment proposals
- Create an A/P payment proposal
- Maintain an A/P payment proposal
- Add a document to an A/P payment proposal
- Delete a document from an A/P payment proposal
- Assign numbers to and confirm cheques, successfully printed
- Assign numbers to and confirm cheques, not successfully printed
- Confirm cheques with system-assigned numbers, successfully printed
- Create temporary postings
- Update an A/P payment proposal
- Delete an A/P payment proposal
- Remove the lock for an A/P payment proposal