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Difference between quick payment and manual payment?
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Answer / manoj4679
Quick Payment:
It allows you to make a single payment against one or more
invoices at a time to one supplier through payables. It
involves 3 steps:
-Creating a payment
-formatting the payment
-printing the payment.
So give the bank , Payment method,Payment document and
supplier details in the payment screen and select the
invoices from Enter/adjust invoices push button.
After doing this process go to actions and format and then
print it. This is all done through payables.
Manual Payment:
This is the process of entering the check details which has
been paid manually in some emergency requirements into the
payment form and selecting the invoices of the concerned
supplier and check whether the total of the invoices and
the paid amount at the header are same and save. In this
there will be no formatting and printing process through
payables.
| Is This Answer Correct ? | 7 Yes | 2 No |
when ur making payments not through payables
example- through wire or typed cheque, then u update the
paid invoice in payables (by selecting payment type as
manual)
Note u can record payment for invoices that are
associated with any Payment Method type, except Electronic.
quick payment
-------------
When you create a quick payment you can select an invoice
regardless of the payments terms and due date. For example,
you can create a Quick payment for an invoice that is not
yet due OR when u r making payment through Oracle e-
Commerce Gateway .
when u are defining the bank accounts, u have a button
(payables document) after clicking a new window is
generated in that u have disbursement tpye where u have
three options:
combined (combination of recorded & computer generated)
recorded (manual payment)
computer generated (only through computer generated)
if u select combined as disbursement tpye by default QUICK
PAYMENT TERM WILL BE HIGHLITED WHILE MAKING THE PAYMENT.
IF U WANT TO MAKE PAYMENT ONLY THROUGH ELECTRONIC THE WE
SELECT (computer generated ).
| Is This Answer Correct ? | 2 Yes | 4 No |
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