Enter Payment Type Groupings

Explanation

Use this activity to enter payment type groups. Payment type groups are used to cluster similar payment types. Attributes (such as ledger item ID, bank transaction code, customer/supplier ID, customer/supplier name) can be selected for payment type groups and the values in them need to be identical between cash and bank statement transactions to be selected during automatic matching.

Prerequisites

There are no prerequisites.

System Effects

The matching of transactions in the bank reconciliation process will differ according to the payment group the payment type belongs to.

Window

Payment Type Groupings

Related Window Descriptions

Payment Type Groupings

Procedure

1. Open the Payment Type Groupings window.
2. Create a new record.
3. Enter an identity and description for the payment type group.
4. Connect existing payment types to the payment type group created via List of Values.
5. Save the information.