Page History: Payment Priorities
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Page Revision: Tue, 05 Aug 2008 11:35
Payment Priorities (PP) are used in Accounts Payable.
They help to determine when and how an invoice should be paid.
A default PP can be set up for each vendor by setting it on the Remit To screen.
Note: The Remit To screen is an attribute jump screen on the Organizations screen.There are 9 numbers that may be used to specify the priority of the invoice.
- 1 is the highest priority.
- 8 is the lowest priority.
- 2 is typically a default priority.
- 0 is a Hold, Invoices with a PP of 0 should not be paid.
There are 4 letters that be used to specify how an invoice is paid.
M = Manual Check. Use the MC button on the AP Invoice screen to pay these invoices.
N = Non-Check Payment. Use the Non Check Payment screen to pay these invoices.
E = Electronic Funds Transfer. Invoices marked with a PP of E will not use a check number. You can use the MC button to mark these invoices as paid. You can also use the Non Check Payment screen.
C = Credit Card. A 3rd Party Credit Card processor may be used with this PP, however most companies use the MC button to mark these invoices as paid.
Be sure to check the "Don't Change Check Number" box so that your Check number counter is not changed/updated.
