The Mixed Payment process is used to enter statements of account and other documents from payment institutions or a bunch of "mixed payments". Statements of account specify all cash receipts and disbursements for a specific account for a given period. Apart from information on implemented suppliers and customer payments, statements of account can also include details of cashed payment documents like checks or bills of exchange and other financial transactions. The Mixed Payment process forms a basis for all payment and accounting transactions.
The Mixed Payment process is divided into two sub processes:
Mixed Payment
Follow-up and Analysis, Mixed Payment
The Mixed Payment process is used for entering transactions that affects a Cash Account. For example these can be cash receipts from customers and disbursements to suppliers based on statements of account. You can enter customer and supplier payments, and confirm payments implemented via payment orders transferred previously to the payment institution by file. Information on cashed checks or bills of exchange, bank charges and interest revenues can also be entered. An entered customer or supplier payment can also be matched with invoices.
The Follow-up and Analysis, Mixed Payment process includes queries and reports that can be used for information on Mixed Payment details.
Before you start entering information, check that Basic Data Required (BDR) has been set up as per the instructions in Define Financials Basics, Set up Basic Data Mixed Payment process.