Payment Processing

Use Payment Processing to pay vendors for outstanding amounts.

You create accounts payable vouchers in either Transaction Center > Transaction Entry > AP Vouchers or in Accounting > Accounts Payable > Create Voucher from PO.

Through Payment Processing you can:

• Create and post checks to pay open vouchers.
• Create electronic funds transfer (EFT) transactions to pay open vouchers. This creates a direct deposit advice form rather than a check and stub.
• Create a text (.txt) file of data for your check printer or bank, with the Export to Text option.

You can generate payments in two ways:

• Automatic Payment Processing: The payment run includes vouchers for all vendors who match the criteria you specify.
• Manual Select Payment Processing: The payments run includes only those vouchers that you specify.

Either way, a check or electronic funds payment is created for the vendor and the voucher is marked as paid.