The payment method record used when paying a vendor has a new checkbox for Credit Card.
- A payment method can only be checked as Credit Card or Check, not both. The negative pay feature can only be used with the Credit Card payment method. Selecting Check as the payment method will not allow a negative payment to be processed.
- If you check Credit Card, you must assign a general ledger account other than your Company Setup default bank account or you will receive a validation.
When Credit Card is checked, Bill Pay allows the check payment amount to be a negative. A check will not be printed for these negative payments and no check number will be assigned.
These transactions will appear in Bank Reconciliation under Payments for the general ledger account attached to the payment method used during Bill Pay.
Bill Pay optionally allows recording a negative payment. This can be used for things like recording a credit received back from a vendor on a credit card.
The payment method record used when paying a vendor has a new checkbox for Credit Card.
The payment method general ledger account should reflect the appropriate account to be affected in Bill Pay.
- A payment method can only be checked as Credit Card or Check, not both. The negative pay feature can only be used with the Credit Card payment method. Selecting Check as the payment method will not allow a negative payment to be processed.
- If you check Credit Card, you must assign a general ledger account other than your Company Setup default bank account or you will receive a validation.
When Credit Card is checked, Bill Pay allows the check payment amount to be a negative. A check will not be printed for these negative payments and no check number will be assigned.
These transactions will appear in Bank Reconciliation under Payments for the general ledger account attached to the payment method used during Bill Pay.