CM Acct #
The CM Acct # field in the AP Company Parameters form, Payment Services tab
Enter the default CM account to use when entering payment service information. This account must be different from the account specified in the CM Account # field on the Subledgers tab.
This account will exclusively track payment service transactions, and provides a contra account to credit when you initialize those payments to the vendor through the specified credit services vendor (Credit Service field).
When changing this field and saving the company record, the system displays a message asking if you want to update all open AP transactions.
Click Yes to update all open transactions.
Click No to change the account number without updating open transactions.
The system updates only open transactions whose Pay Method field is set to S-Payment Service.