Set Up Payment Classes

To use payment management, you must set up payment classes to define operation types, such as bills of exchange, electronic payments, or checks.

To set up a payment class

1. Choose the icon, enter Payment Slip Setup, and then choose the relevant link.

2. On the Payment Class page, choose the New action.

3. Fill in the fields as described in the following table.

   Field	Description
   Enable	Select to enable usage of the payment class.
   Code	The unique identification code for the payment class.
   Name	The payment class description.
   Header No. Series	The number series code for the payment slip header.
   Line No. Series	The number series code for the payment slip lines. If you leave this field blank, the number for each payment line is created based on the payment header number.
   Suggestions	The type of payment proposals that can be created automatically on a payment slip.
   Unrealized VAT Reversal	Specify the method to handle unrealized VAT. If you select Application, VAT will be realized when you post the invoice application and payment application. If you select Delayed, you must define the payment step during which VAT must be realized, by selecting the Realize VAT field on the Payment Step Card page. For more information, see Realize VAT and Payment Step.
   SEPA Transfer Type	Specify the SEPA export format, either Credit Transfer or Direct Debit.

4. Choose the OK button.

See Also

Payment Management
Set Up Payment Statuses
Set Up Payment Steps
Set Up Payment Addresses
Export or Import Payment Management Setup Parameters
Create Payment Slips
Post Payment Slips
Archive Payment Slips

Note

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