Payment Processing
Use Payment Processing to pay vendors for outstanding amounts.
You create accounts payable vouchers in either
or in .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, Vision creates a check or electronic funds payment for the vendor and marks the voucher as paid.