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Home > JDE Solutions > Financial Management (FMS) > Accounts Payable > Setting Up Automatic Payment Processing

You use automatic payments to group vouchers and produce multiple payments in a single payment run.

 

Automatic payment processing enables you to manage your payments efficiently and take advantage of favorable discount terms whenever possible. Use automatic payment processing to pay vouchers during your usual payment cycle.

 

Before processing automatic payments, you must set up: 

• User-defined codes (UDC).

• Bank account information.

• Payee control.

• Payment instruments.

• Print sequences.

• System to prevent your company name from printing on payments.

 

Upon completion of this lesson, you will be able to: 

  1. • Understand the automatic payment process setup.
  2. • Set up multiple bank accounts for suppliers.
  3. • Establish payment instrument and GL account relationships.
  4. • Set up payment sequences.

 

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