Checklist: Processing Vendor Payments
Use this checklist to understand the overall process for generating check or electronic payments to pay vendors for accounts payable vouchers.
Prerequisites
Before you process checks and electronic payments in
, you must complete the following:- Complete the settings for Accounts Payable, vendor firms, banks that will fund vendor payments, and automatic payment numbering. For more information, see Settings to Complete Before You Process Vendor Payments.
- If you are paying vendors by ACH electronic payments, run an initial direct deposit test for vendors. See Perform an Initial Direct Deposit Test for ACH Vendor Payments.
- In or in in the desktop application: Enter the AP vouchers to pay in Vendor Payments.
Checklist for Processing Vendor Payments Using Checks and EFT
The following table outlines the steps to complete on the Vendor Payments form to process all types of vendor payments: checks, EFTs (ACH/NACHA, SEPA, ClieOp), wires, and direct debits.
Before you complete these steps, you may want to review the Voucher Schedule report in .
Step | Description | Related Help Topics |
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1. |
On the New Payment Run page:
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2. |
On the Select Vouchers page:
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3. |
On the Printing and Numbering page:
Complete the following as needed for each bank that has payments in the payment run:
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4. | On the Electronic Files page:
If there were NACHA (ACH) payments in the run, the Electronic File page opens after you click Post Payments. On this page:
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5. | View, print, or email the vendor payment posting log in Vendor Payments. | . The log type isView, Print, or Email a Vendor Payments Posting Log |
More Information About Processing Vendor Payments for Each Payment Type
See the following help topics: