Manage Receipt Classes and Methods

Receipt Classes determine the required processing steps for receipts to which you assign receipt methods with a class. These steps include confirmation, remittance, and clearance.

Receipt methods specify accounting for receipt entries and applications, determine the customer remittance bank account information, configure automatic receipt processing, and fund transfer error handling.

Follow these steps:

1. Search Manage Receipt Classes and Methods.
2. Create a new receipt class. Enter these fields:
3. Name (of the Receipt Class)
4. Creation Method (for example, Manual)
5. Clearance Method (for example, By Matching)
6. Create the receipt methods.
7. Follow these steps to define the receipt methods:
8. Enter Name and Start Date.
9. Associate one or more remittance bank accounts to the newly created receipt method by entering the Business Unit (BU), Bank, Branch, and Account.
10. Edit the Bank Account and set it as Primary and the currency as BRL.
11. Enter all the applicable General Ledger accounts such as Cash and Remittance accounts.