Payment Types

[To Define Financials Basics]

Usage

Use this window to enter, change, and view payment types used by the company. The payment type identifies the function that created the payment and the type of operation to which the payment refers. For each payment type you enter a description. Each payment type is then linked to a payment series. Several payment types can be linked to the same series. By using different payment series for different types of payments, you facilitate followup of various types of payment. The recommended minimum number of payment series is two, one for customer payments and one for supplier payments.

Activity Diagrams

          Specify General Customer Payment Information

          Specify General Mixed Payment Information

          Specify General Supplier Payment Information