Payment Priorities
Modified on Fri, 28 Sep 2012 10:13 by Greg Andrews — Categorized as: Accounts Payable
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General Information
General Information
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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.
Payment Priority Function in RemitTo
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 can 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 Payments
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. If you paid the invoice with a Credit Card, then select this as your payment priority and then select the Credit Card Vendor (i.e. American Express, Visa, MasterCard, etc). These vendors should have the 'Credit Card Vendor' attribute.