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Page Revision: Tue, 05 Aug 2008 13:29
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 enter a Manual Check 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 a Manual Check or the
Non Check Payment screen to mark these invoices as paid.
If you use a Manual Check, be sure to check the "Don't Change Check Number" box so that your Check number counter is not changed/updated.
