What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments what is the procedure?

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nkamuni_mca

  • Mar 5th, 2010
 

The configuration steps depends on the kind of ERP package you are using. How ever these are the common steps which have to configured.

->Setup house-bank account
->Create sequential check lot
->Update the banking details of the vendor
->Run the payment batch / automatic payment process
->Review the payment advice
->Hold the payment which does not require to be paid at this point of time
->Make the payment

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