A/P Payment Update
The Payment Register Update is used to record the alternate payee names and addresses in the check reconciliation files, for use with the Info-Link module. If the Cash Management module is used for reconcilement, the information is stored in the Cash Management Check Reconciliation file and Check Reconciliation History file.
After printing and reviewing the Payment Register, continue with this update. This feature will update check information to the Accounts Payable files and to General Ledger in detail.
Following this update, print and update the Payments G/L Register. If you do not have the appropriate security level for accessing the Payments G/L Detail Report screen, the software will return you to the Payment Processing Payment Register screen.
You cannot re-export electronic payment data files after the update has been performed. This is unlike Payroll where the file can be re-generated up until the next check run is initiated.
Negative payments are not supported by Canadian banks, so invoices and credits assigned to a ‘net negative electronic check’ will not be processed. Instead these transactions will be returned to Open Items during the update. Also, because AFT does not utilize ‘pre-notification’, the ‘Export Electronic Pre-Notification’ is not supported for AFT file format.
