Direct Debit Vendor Payments
In Vendor Payments, you create a vendor payment run to record the direct debit payments that your bank already made to pay vendors for AP vouchers.
Prerequisites
Before you can process a direct debit vendor payment run in
, you need to complete the following actions.Settings
You must complete settings for banks, vendors, the vendor payment template, and automatic payment numbering.
For more information, see: Setting Up Vendor Payments for Direct Debits.
AP Voucher Entry
When you enter AP vouchers in
, if you want a voucher to be paid by a direct debit payment, you must select a bank for the voucher that has been set up to make direct debit payments, and the vendor for the voucher must be set up to receive direct debit payments.- Related Topics:
- Checklist: Processing Direct Debit Vendor Payments
Review the process for recording direct debit payments to vendors for accounts payable vouchers. - How to Record Direct Debit Payments with Vendor Payment Runs
To record the direct debit payments that your bank already made to pay vendors for AP vouchers, you create a vendor payment run, select vouchers, and then process and post the payment run.
Parent Topic: Vendor Payments