Setting Schedules for Payment Batches
Set schedules for automatically creating or approving open payment batches of a bank account. For each schedule, you can specify the time and frequency at which batches are created or routed for approval.
- Go to Payment > Setup > Payment schedule > New
- Enter values in fields Name, Time Zone , Event type , recurrence, DAILY OPTION and NUMBER OF DAYS
- Create saved search to group the bills and expenses that are included in the payment batch.
Update company bank details
- Check Process Bills Automatically checkbox and select the accounts payable register where the payments are posted in Accounts Payable field
- Enter batch details name, select saved search, payment schedule, and email recipient in batch details.
The scheduled script “Payment Batch Processing” will create payment batch on scheduled time.
To view payment batch,
- Go to Payments > Payment processing > Payment batch list
