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:
- Automatic Payment
- Bad Debt Level Change
- Cash Supplier Check
- Complete Customer Payment Rollback
- Complete General Payment Rollback
- Complete Rollback of Customer Bill of Exchange
- Complete Rollback of Customer Check
- Complete Rollback of Supplier Bill of Exchange
- Complete Supplier Payment Rollback
- Customer Automatic Payment
- Customer Bill of Exchange Cash Reversal
- Customer BoE sent for cashing before due date
- Customer BoE sent for cashing on due date
- Customre BoE Payment
- Customer Check Cashing
- Customer Check Payment
- Customer Ledger Item Reposting
- Customer Ledger Item Reposting Rollback
- Customer Offset
- Customer Payment
- Customer Reciept Payment
- Customer Repayment Check
- Customer Repayment Check Cashing
- Customer Tax Withholding
- General Payment
- Netting Customer Payment
- Netting Supplier Payment
- Partial Customer Payment Rollback
- Partial Supplier Payment Rollback
- Rollback of Cashed Customer Repayment Check
- Rollback of Cashed Supplier Check
- Rollback of Voided Customer Repayment Check
- Rollback of Voided Supplier Check
- Settle Customer Bill of Exchange
- Status Change Rollback
- Status Change to Bad Debt
- Status Change to Normal
- Supplier Bill of Exchange Payment
- Supplier Check Payment
- Supplier Ledger Item Reposting
- Supplier Ledger Item Reposting Rollback
- Supplier Offset
- Supplier Payment
- Supplier Tax Withholding
- Void Check
- Void Customer Repayment Check
Prerequisites
This activity has the following prerequisites:
- IFS/Payment must be installed.
System Effects
As a result of this activity:
- The payment transaction can be identified.
- Linking different payment series for different types of payments facilitates
follow-up of various types of payment.