Accounts Payable > Supplier Payments > Setting Up Supplier Payments
  
Setting Up Supplier Payments
The setup procedure for supplier payments is the similar to that for customer payments, and includes:
1 Define bank accounts and payment formats. For details, see Payment Formats. You must define as many payment formats as you have different types of supplier payments.
The system retrieves your bank account details and the formats required for payments from the account information you define on the Banking tab of the supplier record.
2 To create electronic payment files for transfer to other banks, you use electronic payment formats that you can download from the QAD Internationalization website, install on your system, and associate with your bank account. Then, you can use those payment formats in supplier and customer payment selections. See Payment Formats.
3 Define Supplier Payment accounts to associate with payment statuses.
For more information on defining GL accounts, see GL Account Types.
4 Define Supplier Payments daybooks to contain the postings generated by the status transitions. You can define different daybooks for different types of payment instrument.
For more information on daybooks, see Using Daybooks.
5 Create a set of payment statuses to match the stages through which you want to process the payment. This is described in Supplier Payment Statuses.
6 Define payment groups for managing the selection process. This is described in Creating Supplier Payment Groups.
7 Create a supplier payment and link it to one or more supplier open items (invoices or credit notes).