Prerequisites for Receiving Payments Electronically
Before you perform electronic payment processing:
Assign a default entry type, entry reason, and system function to adjustment reasons for each SetID on the Receivables Definition - Bank/Payment Options page.
If you use cash control accounting, define your cash control method on the Receivables Definition - Accounting Options 2 page.
Define the bank accounts where you will deposit the payments in the External Accounts component (BANK_EXTERNAL).
Assign a business unit to the bank accounts from which you receive deposits on the External Accounts - Account Information page.
Define group types for payments on the Group Type page.
Define deposit types on the Deposit Type page.
Set up qualifiers for payment reference information on the Reference Qualifier page.
Set up adjustment reason codes.