Procedures - Payment Processing

You can process payments automatically or select payments for processing.

Related Topics:

  • Create an AP Posting Run
    When you create an AP posting run, you specify the payment type, the processing type (automatic or manual), payments to include, the payment date, and so on.
  • Open an Existing AP Posting Run
    When you perform accounts payable processing, you can use an existing posting run.
  • Delete an AP Posting Run
    You can delete an accounts payable posting run.
  • Process Automatic Payments
    Use Automatic Payment Processing to process all vouchers for those vendors with vouchers that are unpaid at the end of the current accounting period.
  • Process Manual Select Payments
    Use Manual Select Payment Processing to select specific vendors whose vouchers you want to process during the payment processing run. This is useful when you need to pay a vendor before the usual time that you process vendor payments.
  • Run Multiple Payment Processing Sessions
    You can run multiple payment processing sessions for Accounts Payable.
  • Process Payments in a Prior Period
    You may need to process payments for a prior accounting period. For example, you may need to open a new accounting period to enter payroll or billing data before you finish payment processing for the prior period.
  • Pay a Voucher in Full
    You can pay a voucher in full in either an automatic or manual payment processing run.
  • Make a Partial Payment on a Voucher
    You can pay a voucher in full or in part, in an automatic or manual payment processing run.
  • Review Vendor Balances and Payments
    At any time during accounts payable processing, you can display a summary of vendor payments in the current processing run. Review the vendor balances to verify that the correct amount is being paid to each vendor.
  • Display Cash Requirements
    Before you produce accounts payable checks, you should review your cash requirements. Determine the amounts that are scheduled for payment and the effect that these payments will have on your firm's cash accounts.
  • Sort AP Payments
    You can enter criteria to sort the payments that are generated during a payment processing session, whether it is automatic or manual.
  • Perform Initial Test Direct Deposit
    After you configure Accounts Payable for electronic funds transfer, you must run an initial test direct deposit and send the test file to the bank.
  • Void a Check or Electronic Funds Transfer Payment
    You can void a paper check or electronic funds transfer payment if it has not cleared at the bank to which it was posted. When you void an item, Vision returns the status to Processing, so that you can reprocess it.
  • Delete a Payment Processing Run
    You can delete an accounts payable payment processing run.
Parent Topic: Payment Processing