Enter Recurring Supplier Payment

Explanation

This activity is used to enter information regarding a recurring payment. Recurring payments are those which are not connected to an invoice but are instead defined by an agreement and have to be paid on a regular basis.

Prerequisites

• Supplier(s) must previously have been defined in the Supplier window.
• Payment method(s) must have already been defined in the IFS/Payment, Payment Methods window and connected to the relevant supplier(s)
• An electronic payment address should be connected to the relevant payment method(s) in the Supplier/Payment tab window.

System Effects

As a result of this activity, a recurring supplier payment line will be created which can be included in a payment proposal or payment order and then subsequently paid.

Window

Recurring Supplier Payments

Related Window Descriptions

Recurring Supplier Payments

Procedure

1. Open the Recurring Supplier Payments window.
2. Create a new record and enter the Recurring Payment ID. It is possible to enter any numeric value which has not been previously used in another recurring payment row. If the field is left blank, the next number will be assigned to the line automatically. When a new record is created, the ID of the current user and today's date (system date), will appear automatically in the User ID and Date fields.
3. In the Supplier ID field, specify the supplier to whom the recurring payment should be made, by entering or choosing from the List of Values. A value in the Name field appears automatically.
4. Specify the payment method to be used, by entering or choosing from the List of Values. Only payment methods which have already been connected to the supplier can be specified. The electronic payment address ID which had been defined for the relevant payment method appears automatically in the Address ID field.