Payables - Types

[kommineni7]

Hi all,

In payables>> Payments window we have 3 types of payments

Manaual Quck Refund

in what scearnios these types will be used exactly..

Thanks in advance....

[oteixeira]

Hello.

Manual:Normally used to register a payment that has been made out of the system, like cutting a manual check to pay invoices.

Quick:Used to issue a quick payment. You can use payment formats and remmitance advices and print a cheque using the system.

Refund:It is not a payment. Well, it is a negative payment. It serves to record funds that you receive from suppliers when their balance is debtor instead of creditor.

Octavio

[kommineni7]

Thanks Octavio.. i have doubt

1)wire payement is falles under which category? what exactly will do in wire paymetns..

is it some thing we will call bank to transfer soem thing from our account to other account?

2) pls validate the below

payment format will gather the required infromation to print/send in the specified format

What is the functionality of remittance advice.. is there any file will be generated?

Thanks..

[oteixeira]

Hello.

1)Yes.

2)It is a report created by the system with the list of invoice details you are paying.

Octavio