Define Organization Payment Methods

After setting up banks, you define the payment methods that can be used within the organization.

To define organization payment methods:

Navigation: Setup and Maintenance > Tasks > Search > Define Elements, Balances and Formulas > Organization Payment Methods

1. Click Create.
2. Select the legislative data group associated with this payment method.
3. Enter the appropriate values for Company Reference, Extract Delivery option for Third-party Payees and Payment Free Text.
4. In the Payment Sources section, click Create.
5. On the Create Payment Source page, enter a Name and select a Bank Account Name.
6. Enter the Company Reference, Extract Delivery option for Third-party Payees and Payment Free Text.

To set up multi-file single-day format:

1. In the Electronic Funds Transfer File Information section, enter the Company Reference, Extract Delivery option for Third-party Payees and Payment Free Text.
2. In the Payment Sources section, click Create.
3. On the Create Payment Source page, enter a Name and select a Bank Account Name.

Enter the Company Reference, Extract Delivery option for Third-party Payees and Payment Free Text.

Net Pay Balance

During the payment process, the net pay balance is used to store the amount to be transferred as remuneration for the payee. A net pay balance, named Net Payment, is predefined for Ireland, and no additional setup is required during the implement phase.

To view the Total Pay balance:

1. Select Define Elements, Balances and Formulas>Balance Definitions.
2. Enter Net Payment in the Name field and select an Ireland LDG, then click Search.
3. Click the Net Payment balance in the Search Results to view the balance information.
4. Click Balance Dimensions to display the dimensions associated with this balance.