Automatic Payments Can Be Created On The Scheduled Payment Dates
The system will create automatic payments on a pay plan's scheduled payment dates if:
• The payment method defined on the pay plan indicates automatic payment is being used
The background process called PPAPAY is responsible for creating these automatic payments. It does this by calling the automatic payment creation algorithm plugged in on the installation record.
Note:
If the
Autopay Creation Option on the
installation record is set to Create On Extract Date, the automatic payment is NOT distributed and frozen when the automatic payment is initially created. Rather, a separate background process (
APAYDSFR) distributes and freezes the automatic payment on the automatic payment GL distribution date (refer to
Automatic Payment Dates for more information on how this date is calculated). Refer to
Automatic Payments for more information.
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