MAC-PAC Homecontact ussupport login 
Documentation > MAC-PAC Reference and Help > Reference File Categories > PAYMENT TYPE CODES

Function Select

RF240S01 - Function Select

WILLIAMS                       COMMON FEATURES                         1/29/92

 DSP01                    REFERENCE FILE CATEGORY 240           FUNCTION SELECT

                                                                                

                                                                               

                   Category Name           PAYMENT TYPE CODES                  

                                                                               

                                                                               

                                                  PAYMENT TYPE CODE/LANG CODE            

                   Category Key         BT                                      

                                                  XXXX                                   

                                                                               

                                                                               

                   Request Code         2                                      

                                                                               

                                        1 - Add                                

                                        2 - Change                             

                                        3 - Delete                             

                                        4 - Inquire                            

                                                                               

                                                                               

                                                                               

 F2=Command          F3=Exit             F7=End Category     F8=Display List   

 F9=Inquiry                                                                    

                                                                               

 

 

The payment type codes category defines the valid methods of payment a company may use to pay vendors.  This is a required category.

PAYMENT TYPE CODE

Required.  This code must not already exist as a document type on Reference File category 216.

LANGUAGE CODE

Optional.  Must exist on Reference File category D92.

Detail

RF240S02 - Detail

 WILLIAMS                       COMMON FEATURES                         6/14/93

 DSP01                    REFERENCE FILE CATEGORY 240                   INQUIRE

                                                                                

                   Category Name           PAYMENT TYPE CODES                  

                                                                               

                                                  PAYMENT TYPE CODE/LANG CODE            

                   Category Key         BT                                     

                                                                               

                                                                                

                   DESCRIPTION               TYPE                              

       Data BANK TRANSFER                                  1                                

               TTTTTTTTTTTTTTTTTTTTTTTTT         X                                

                                                                               

                   MAGNETIC                PRINTED ON BANK FORM                

       Data           Y                             N                           

                          Y                             Y                          

                                                                               

             DUE DATE GENERATION                                               

       Data           N                                                        

                         Y                                                        

                                                                               

 F2=Command          F3=Exit             F9=Inquiry          F10=Function Select

                                                                               

                                                                               

 

 

PAYMENT TYPE DESCRIPTION

Required.  Describes the method of payment.

TYPE

Required.  Valid payment types exist on Reference File category 240 for Accounts Payable and Reference File category 344 for Accounts Receivable.  Valid payment types for this category are:

Set type to 1 for all standard, non-draft payment types, such as checks, cash, notes payable, or bank transfers.

Set type to 2 for all clearing payment types.

Set type to 4 for draft payment types that are issued by the vendor. (Bill of Exchange)

Set type to 5 for draft payment types that are issued by you, the customer. (Bill of Order)

Set type to 6 for all standard payment types where the payment is to be entered manually, but the form is to be printed by the system.

If draft processing flag is set to 'N' in Reference File category 200, the payment type cannot be 4 or 5.

MAGNETIC

Optional.  Valid magnetic options are:

1 - Check                                      'Y' or 'N'

2 - Clearing                                  'N'

4 - Bill of Exchange                   'N'

5 - Bill of Order                           'Y' or 'N'

6 - Quick Payment                    'N'

If the Magnetic and Printed on Bank Form fields are both set to 'N', the Payment Creation program will write batch payment creation information to the Payment Transactions file; however, the data will only remain on this file until the next payment creation is run.

PRINTED ON BANK FORM

Optional.  Valid printed on bank form options are:

1 - Check                                      'Y' or 'N'

2 - Clearing                                  'N'

4 - Bill of Exchange                   'N'

5 - Bill of Order                           'Y' or 'N'

6 - Quick Payment                    'Y'

If the Printed on Bank Form and Magnetic fields are both set to 'N', the Payment Creation program will write batch payment creation information to the Payment Transactions file; however, the data will only remain on this file until the next payment creation is run.

DUE DATE GENERATION

Optional.  The due date generation flag is used to determine if due date transactions should be generated for draft payment types (types 4 or 5).  For a non-draft payment type, this flag must be set to 'N'.

                                                        Magnetic              Printed on Bank Form     Remarks

1 Cash, check                              Y or N                   Y or N                                   Cannot be Yes for both

2 Clearing trans.                        N                            N

3 Write-off                                                                                                                    Not used in AP

4 Bill of exchange                      N                            N

5 Bill of order                              Y or N                   Y or N                                   Cannot be yes for both

6 Quick Payment                       N                            Y