Financial - BSP Reconciliation - Prepare Payment

To prepare a payment

1. In the For field, enter free text to be displayed on the requisition or remittance.

   Note that the Beneficiary field is initialized with the name of the supplier account to whom the requisition or remittance will be issued.

2. In the Value date field, select the date on which the remittance or requisition will be issued.

   Note that the Amount field is initialized with the total amount of payment.

3. In the Remark field, enter free text regarding the payment.

4. In the Commission field, enter the commission amount. The new total will be updated after the requisition or remittance is generated. 

   Note that the remainder of the fields are initialized according to the amounts found in the PRQ.

5. Perform one of the following:

   1. To generate a payment requisition, click Generate Payment Requisition.
      A payment requisition is issued as an authorization that vouchers have been approved for payment.

   2. To generate a remittance, click Generate Remittance.
      A remittance is generated to issue payment to the specified supplier.
      Proceed to Financial - BSP Reconciliation - Prepare Payment - Remittance Advice.

Notes

• If you are working in Sales and Purchase (in Setup - Database Definitions - VAT, the VAT On Travel Services option is selected), you can edit the supplier invoice reference when issuing the payment requisition.

Click the Edit Supplier Invoice Reference link.

The Edit Supplier Invoice Reference dialog box appears.

You can edit the following fields: