Streamline Payments with A/P Payment Codes and Types in Sage 300cloud
When processing payments to vendors in Sage 300cloud, it’s efficient to process payments of the same type together. A/P Payment Codes support that approach by allowing you to group and report vendor payments by Payment Type (cash, check, credit card, and other).
The setup of the A/P Payment Code includes the assignment of a Payment Type (as depicted below).
The AP Create Payment Batch function is used to generate payments. Payment Code (and Payment Type by association) is one of the Selection Ranges used in the criteria for the payment batch.
Important! Please note that Payment Codes are different from Payment Selection Codes, which are used as criteria for generating payments from Accounts Payable.
Finally, Payment Type can be used as a filter when printing the Check/Payment Register Report. This complete the cycle of defining, creating and reporting payments based on Payment Types.
