How To Add A New Payment Event
There are several ways to add a new event:
- You can use Payment
QuickAdd to quickly add one or more payment events. You'd use
this approach to add simple payments where no manual intervention
is required. By "simple payment" we mean:
- The account is both the tendering account and the account whose debt is being relieved by the payment
- The payment date is the current date
- The payment should be distributed amongst the account's contracts using standard distribution logic
- If applicable to your business practice, you can use Payment Event QuickAdd to quickly add one or more payment events using distribution rules.
- You can use Payment Event Maintenance to add a payment event. You would use this approach if multiple forms of payment are remitted (e.g., cash and a check) or if there are multiple payors and/or payees linked to the payment event.
Note: By default the system opens the Payment Event - Add Dialog when you navigate to this page
in add mode. If you have opted to always use the payment event distribution
rules method as your default
method, the Payment Event QuickAdd (Single Payment Event) page appears
instead. Refer to these pages for more information.