Approve Mixed Payment

Explanation

The Approve Mixed Payment activity is used to confirm the mixed payment and to create payments and vouchers. Up to three payments can be created when a mixed payment is approved. One for customer payment transactions, one for supplier payment transactions, and one for general payment transactions. Payments are created for each company if customer and/or supplier payment matches ledger items of other companies, or if direct cash payments are allocate for accounts in other companies. The payment in the cash receiving company/cash paying company is the multi-company payment which is connected to the payments in the affiliated companies.

Prerequisites

This activity requires that information has been entered in the General tab and in the Transaction tab in Mixed Payment. The remaining amount in the Transaction tab in Mixed Payment must be zero (0) for approval to take place, if an opening and closing balance has been entered in the General tab.

System Effects

• When the mixed payment is approved, all payments are created in the system, as well as a voucher in the hold table in IFS/Accounting Rules. The voucher contains automatically created postings of customer claims/supplier debts, cash transaction, currency differences and bank fees etc.
• If several companies are involved, i.e., customer or supplier payments have been matched with invoices in other companies or direct cash payments have been included with manual postings in other companies, a separate voucher is created for each company.

Window

Mixed Payment

Related Window Descriptions

Mixed Payment

Approve Mixed Payment

Procedure

To Approve a Mixed Payment:

1. Open the Mixed Payment window.
2. In the General tab, click and then click Approve.