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AP: Creation of Payment in Payables module

 

Payment of Invoice              
* If you want to make a payment for any invoice Accounting entry is not mandatory             
* The payment status is Negotiable. Here negotiable means before you perform reconciliation we can see the payment status as Negotiable             
* Without Creating Accounting Entries for Invoice. We cannot create Accounting Entries for Payment             
Error: Accounting failed to complete. Details: View error details from view accounting window             
Error:The JE line cant be accounted until accounting entry is created for the transaction with identifiers.             
If you post the payment the entry is              
LiabilityDebit             
Cash Clearing Credit            
After Reconciling the entry is              
Cash Clearing Debit             
CashCredit            
              
Payment Types             
Payment TypeDescription            
Quick Quick means whenever you make the payment if you want to print             
 it cheque from the system we can use the payment type as Quick            
ManualWe have issued a cheque in written as we have to process the payment             
 outside of the system and you want to record in the system in this             
 case we can use the payment type as manual.            
 (Here manually we have teared the cheque from cheque book and issued it             
 to supplier and in the system we have to record. In this case we use payment type            
 as manual).            
              
* Whenever we make a payment. Payment record will be generated. And system will run Format Payment Files Job. Here we can see              
the output of the payment file.            

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