Remittance Type
Application > Financial Management > Receivables and Payables > Setup > Remittance Type
To configure the remittance payment method it is necessary to previously execute a dataset that has created this payment method and the execution process.
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The "Deferred" field should always be checked for payment methods that apply to remittances.
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No accounting will be defined for any of the transactions associated with the remittance payment method, so that no double accounting is generated. Remittance accounting is configured from the remittance types window.
The next step is the configuration of the type of remittance and the assignment of the accounting accounts for its posting. It is possible to create as many remittance types as financial accounts available so that the appropriate accounting accounts can be assigned to each of them.
The following accounts are defined:
Sent account: the account to be used in the remittance posting.
Settlement account: account to be used for the remittance settlement posting, which refers to the amount having been collected or paid.
To finish the process, the payment methods applicable to each financial account should be associated.
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It is important that those banks from which remittance transactions are to be made have a third party partner.
Non-Discount Remittances
To configure Non-Discount Remittances, define this payment method from the Payment Method window.
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To create a Non-Discount remittance go to the Remittance window.
Remit for Discount
To configure Remittances for Discount, define the type from the Remit for Discount check box as shown in the image below:
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To create a Remit for Discount remittance go to the Remittance window.
This work is a derivative of Financial Management by Openbravo Wiki, used under CC BY-SA 2.5 ES. This work is licensed under CC BY-SA 2.5 by Etendo.