Use this process to create supplier payments sent by electronic files from the company's various payment institutes. Each electronic file contains information on debit and credit transactions for a specific account and currency. The external file is loaded into an existing or new mixed payment. To approve the mixed payment, a separate function is used. The approval creates the payment and a voucher with postings. When the payment is matched, the matched invoices and the payment will be assigned with a unique matching ID and a matching date.
Each electronic file contains information on debit and credit payment transactions for a specific cash account and currency. The transactions take place in the following steps:
An approved Mixed Payment can be cancelled. The cancellation reverses all accounting transactions that were created in connection with approval.
Before you start entering information check that Basic Data Required (BDR) has been set up as per instructions in Define Financials Basics, Set up Basic Data Accounts Payable process, as well as basic data for payment institutes and payment methods in Cash Book Basic Data.