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Learn more about processing payments in Vendor Payments. For example, you can review the effects of posting payments, background on assigning numbers to payments, or how to make vendor payments for ACH/NACHA, SEPA, or ClieOp EFTs.
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- Effects of Posting Vendor Payments
When you post vendor payments, Vantagepoint makes multiple entries to the general ledger and accounts payable subledgers. - Banks Used to Fund Vendor Payments
The bank that is entered for an AP voucher in Transaction Entry or Create Vouchers from PO in the Transaction Center is used by default to pay the voucher in Vendor Payments (in Cash Management). - AP Voucher Payment Terms
For each accounts payable voucher, you enter payment terms that specify when the voucher is to be paid. - Sort Order for Payments in a Vendor Payment Run
You can choose the sort order of the payments that are generated in a vendor payment run. - Assigning Numbers to Vendor Payments
You assign numbers to each payment in a vendor payment run on the Printing and Numbering page in Vendor Payments, in the Cash Management application. - Remittance Advices for Vendor Payments
A remittance advice accompanies a vendor payment and provides the vendor with a list of the AP vouchers that are being paid. - Partial Payments on an AP Voucher
You can pay an AP voucher in full or in part in Vendor Payments. - Making Vendor Payments with Printed Checks
In Vendor Payments, in the Cash Management application, you can process vendor payments as printed checks. - Paying Vendors with Electronic Funds Transfers (EFTs)
In Vendor Payments, you can process electronic funds transfers (EFTs) to pay a vendor. - Making Vendor Payments with ACH (NACHA) EFTs
In Vendor Payments in the Cash Management application, you can process ACH/NACHA electronic payments to pay vendors for AP vouchers. - Making Vendor Payments with SEPA EFTs
In the Vendor Payments in the Cash Management application, you can process SEPA electronic payments to pay vendors for AP vouchers. - Making Vendor Payments with ClieOp EFTs
In Vendor Payments in the Cash Management application, you can process ClieOp electronic payments to pay vendors for AP vouchers. - Processing Only Checks or Only EFTs in a Vendor Payment Run
When you create a vendor payment run, you can specify whether to process vouchers for only vendors who are set up to be paid by check or vouchers for only vendors who are set up to be paid by EFT. - Paying EFT Vendors by Check
Vendors that you normally pay by electronic funds transfer can be paid by check in Vendor Payments without changing their EFT payment settings in the Firms hub. - Making Vendor Payments with Direct Debits
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. - Making Vendor Payments with Wires
After you use your bank's wire system to pay vendors for AP vouchers, you create a vendor payment run in Vantagepoint to record the wire payments that your bank already made. - Processing Vendor Payments in a Prior Period
You may need to process vendor payments for a prior accounting period. - Multiple Vendor Payment Runs in Progress
You can create multiple vendor payment runs that are in-progress at the same time in Vendor Payments.
Parent Topic: Vendor Payments