This chapter contains these topics:
To set up automatic payment processing
After you set up the Accounts Payable system, you define how you want the system to process automatic payments. You use automatic payments to group vouchers and produce multiple payments in a single payment run.
Setting up automatic payment processing consists of the following required tasks:
Setting up bank account information for A/P
Setting up print sequence for payments
Setting up payment instruments
Processing options for payment instruments
Setting up automatic payment processing consists of the following optional tasks:
Setting up business unit information, if you produce payments by business units
Setting up company information, if you produce payments by company or if you want to print company information on your payments
Setting up bank account information for A/P, if you use bank tapes to transmit payments
Setting up draft processing for A/P, if you use draft payment instruments