How To Add A New Payment Event

There are several ways to add a new event:

• You can use Payment Quick Add to quickly add one or more payment events. You'd use this approach to add simple payments where no manual intervention is required. By "simple payment" we mean:

• The account is both the tendering account and the account whose debt is being relieved by the payment

• The payment date is the current date

• The payment should be distributed amongst the account's obligations using standard distribution logic

• If applicable to your business practice, you can use Payment Event QuickAdd to quickly add one or more payment events using distribution rules.

• You can use Payment Event Maintenance to add a payment event. You would use this approach if multiple forms of payment are remitted (e.g., cash and a check) or if there are multiple payors and/or payees linked to the payment event.