Modify Payment Types

Explanation

Use this activity to enter, change, and view payment types used by the company. This mandatory task is to be performed by a system administrator or equivalent person.

A payment type identifies the function that created the payment and the type of operation to which the payment refers. Each payment type is linked to a payment series. By linking different payment series for different types of payments, you facilitate follow-up of various types of payment. The recommended minimum number of payment series is two: one for customer payments and one for supplier payments

The following payment types are created automatically when a company is created:

Prerequisites

This activity has the following prerequisites:

System Effects

As a result of this activity: