Creating pay groups

  1. Select Financials > Payables > Payables Setup > Pay Groups.
  2. Click Create.
  3. Specify this information:
    Vendor Group
    Select a vendor group. A vendor group represents a group of vendors that can be shared by more than one Payables company. All companies that are associated with a pay group must belong to the same vendor group.
    Pay Group
    Specify the code to use for the pay group.
    Name
    Specify the name to use for the pay group.
    Posting Company
    Select a general ledger posting company for the pay group. This company is used for posting cash transactions to the global ledger. The posting company must have the same functional currency as all of the companies that are associated with the pay group.
    Cash Code
    Select a cash code. Valid relationships must be defined between the cash code and all of the companies that are associated with the pay group, including the posting company. You define relationships in Cash.
    Default Payment Code
    Select a default payment code for the pay group. This field represents a type of cash payment. For example, a check or payment file, or bill of exchange payment transaction code in Cash.
  4. On the Options tab, specify this information:
    Bill of Exchange Number Option
    Select the BOE number option. Select Automatic to automatically assign numbers to bills of exchange.
    Last Bill of Exchange
    Specify the last BOE that was used. If bill of exchange payments are processed by pay groups, then specify the last bill of exchange number that was printed for the pay group. The next sequential number is used. If this field is blank, the numbering sequence begins with 1.
    Bill of Exchange Accrual Code
    If the Bill of Exchange Acceptance Accounting check box is selected, then select a valid bill of exchange accrual code. This field is used to represent a default acceptance account.
    Bill of Exchange Acceptance Accounting
    If bill of exchange payments are processed by the pay group, then select whether the BOE amount is posted to the BOE acceptance account when it is accepted. If you select this check box, then you must also select a Bill of Exchange Accrual Code.
    Bill of Exchange Draft Statements
    Select this check box if you are using draft statements.
    Remittance Advice From Email Address
    Specify the email address from which to send the remittance advice.
  5. Click Save.