The method of payment determines the format that is used for export of payment orders. Within the payment type, you can also set up bridging accounts when reconciliation is being done. In this case, when posting payment journals, the payments are reflected in off-balance Accounts payable and banking operations. After banking reconciliation, these transactions are reversed and reflected in Accounts payable and banking accounts. To link actual accounts with payment types, in most cases, the number of payment types created equals the number of accounts that the company holds.

1. Click Accounts payable> Setup> Payment> Methods of paymentto open the Methods of paymentform.

2. On the Overviewtab, press CTRL+N to create a new line.

3. In the Method of paymentfield, enter the code for the method of payment.

4. In the Descriptionfield, enter a description for the method of payment.

5. In the Payment statusfield, select the status for the payment line, which indicates the status for posting.

6. In the Account typefield, select the account type as Bank.

7. In the Payment accountfield, select the bank account for payment.

8. Select the Bridging Postingcheck box.

   Note
   You can enter information in the Bridging accountfield only after you select the Bridging Postingcheck box.

9. In the Bridging accountfield, select the account number for posting in the ledger.

10. In the Bank transaction typefield, select the bank transaction type.

11. On the File formatstab, click Setupto open the File formats for methods of paymentform.

12. Transfer formats from the Availablefield to the Selectedfield to generate a list of accessible formats for exporting payment orders.

13. Close the form and return to the File formatstab in the Methods of paymentform.

14. In the Export formatfield, select the format for exporting payment orders for the specified method of payment.

    Note
    When using the customer-bank, the Export formatfield should show the class that handles the export of data for the payment journal to an external file in a format that corresponds to the customer-bank of the actual bank.

15. On the Payment controltab, select the control for the method of payment from the following list:

    • Payment reference is mandatory– Checks that the essential details for the payment are filled in.

    • Payment note is mandatory– Checks that the note for the payment is filled in.

    • Payment ID is mandatory– Checks that the ID for the payment is filled in.

    • Payment specification is mandatory– Checks that the payment specification is filled in.

    • Check number is mandatory– Checks that the check number is filled in.

    • Offset account has the type bank– Checks that the type of corresponding account is Bank.

    • Bank transaction type is mandatory– Checks that a type of bank operation is selected.

16. Press CTRL+S or close the form.