Introduction to Electronic Payment

This introduction describes the usage of the payment module and the facilities it offers.

The section “Work Routines” describes the registration of vendor invoices, generation of payment selections, and posting of vendor journals. The work flow concerning approval of payment selections is dependent on whether the payment is manual, for example, by cash, electronic payment through a payment agent, or automatic payment by check. In the following, the latter two payment modes will be referred to as automatic payment when the description is relevant for both payment modes.

The section “Conventional Payment” describes the approval of conventional payments, whereas electronic payments are described in the section “Electronic Payment.” In the section “Automatic Payment,” the main focus is on the explanation of the part of the automatic payment flow handled by Maconomy. This corresponds to the flow which takes place in Maconomy when payment is done by check.