Create Auto Cash Payment

Explanation

This activity is used to create customer payments using the information from a loaded Bank Administration Institute(BAI) file. You can create a customer check payment or a mixed payment. 

Prerequisites

• The payment transaction information in the BAI file that is used must have been validated and matched. 
• If any errors are identified in the validation and matching process, they must have been corrected before any customer payment can be created.

System Effects

• A payment voucher (function group B) or a mixed payment voucher (function group N) will be created in the system. 
• The status of all the invoices matched with the payment transaction information from the BAI file will be in the Paid/Posted or PartlyPaid/Posted. status.
• The payment transaction amounts that have not been matched with any open invoice will be created as a Payment on Account or as a Parked Payment.