Tuesday, April 07, 2009

Types of Payments in AP

1.Manual
2.Quick
3.Refund
4.Batch

1.Manual Payment
which is used to record a payment you have made outside of paybles.
2.Quick Payment
A single computer geneated check.
3.Refund Payment
A payment you have received from Suppliers or Employee to return funds for invoice payment you made .Refund payment is debet balance and always enter as -ve amount Payment
4.Batch Payment
A payment created by Batch Processing

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