2.34 Process Mode Of Payment Detail

This topic provides the systematic instructions to set up the clearing options for the various modes of payments that are valid in the system.

For each mode of payment, you can:

• Enter the clearing options.
• Edit the existing, unauthorized clearing options.
• Authorize the clearing periods.
• View existing clearing options for any of the Modes of Payment.
• Amend the authorized clearing periods. During amendment or editing, it is possible to alter the Clearing Period and set the Auto Clear Option.

During installation, the modes of payment and the default clearing periods for each mode are entered into the system automatically. Subsequently, if you need to view or make a change to any of the clearing options.

Click OK to retrieve the record in this screen. All the clearing options maintained for each of the modes of payment are displayed in the lower portion of the screen.

1. On Home screen, type UTDMPAYS in the text box, and click Next.
   The Mode Of Payment Detail screen is displayed.

   Figure 2-45 Mode Of Payment Detail

   
   

   
   Description of "Figure 2-45 Mode Of Payment Detail"

   
   
2. On Mode Of Payment Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 2-50 Mode Of Payment Detail - Field Description

   Field	Description
   Payment Mode	Alphanumeric; 1 Character; Mandatory Specify the different modes of payment. The different modes of payment can be: Cheque (Q) Demand Draft (D) Money Transfer (T) Card (R)
   Payment Mode Description	Display A description of the mode of payment is displayed here. This could be any of the instruments such as Draft, Check, Transfer, Credit Card, etc.
   Sub Payment Mode	Alphanumeric; 2 Characters; Mandatory Specify the code or short name given to any of the payment modes used in the system. After specifying payment and sub payment mode, click Execute Query button.
   Minimum Clearing Period	Numeric; 22 Characters; Mandatory The system displays the number of days after which you will be able to clear the payment instrument for a particular mode of payment. You can alter the value that is displayed here by clicking Unlock button. For each mode of payment, the Minimum Clearing Period is the period after which you will be able to clear the payment instrument.
   Maximum Clearing Period	Numeric; 22 Characters; Mandatory The system displays the number of days before which the payment instrument must be cleared for a particular mode of payment. You can alter the value that is displayed here. For each mode of payment, the Maximum Clearing Period is the period before which you must clear the payment instrument.
   Auto Clearing Process	Optional Select auto clearing process from the drop-down list. The list displays the following values: Yes No If you have selected Yes option, the instrument automatically gets cleared if you do not clear the same before the maximum clearing period.