Setting up Payment Profiles (PYP) - Options

  1. Click the Options tab in the Payment Profiles (PYP) dialog.
  2. Specify this information:
    Include Client Debits

    This relates to Payment Run (PYR) only. If this option is selected, client accounts with a debit balance are considered for payment.

    Payment File Identifier

    A letter in the range A-Z, or a number in the range 0-9, which uniquely identifies the payment file generated for this profile. Each payment file is overwritten only when Payment Run (PYR) or Payment Collection Run (PYC) is subsequently run for this payment profile.

    Bank Details Code

    The bank details record, as set up in Bank Details Setup (BNK). When you enter a bank details code that is linked to one of your own bank accounts, the Payment Account field displays the relevant chart of accounts record for your bank account.

    A bank details record is necessary for payments where the Payment Method is set to Bank Payment. If you do not enter a bank details code here and the Payment Method is set to Bank Payment, then you must enter it during the payment or collection run itself.

    Bank Sub Code

    The subcode, if used, on the bank details record identified in the field above. Otherwise leave blank.

    Payment Account

    The bank account to be used in Payment Run (PYR) or Payment Collection Run (PYC). If payments are being made or collected in the transaction currency, the Payment Account or Collection Account defined in Currency Codes (CNC) is used for the payments generated in each currency. If a payment account or collection account has not been specified for the currency, the account entered here is used.

    Total Payment Limit

    The total payment amount for the payment run. If this figure is exceeded, the payment run is terminated and none of the accounts are paid.

    Payment Report Format Code

    The document format code to use for the payments run details report, for example AGP1. This code is mandatory.

    Payment Document Format Code

    The document format code to use for the payment documents, if required for this payment profile, for example APD3 for Cheque and Remittance Advice.

    Bank File Identifier

    Optionally, enter a code to be used as the default file extension to the bank payment file that is created by a payment run with this profile. The default you set here is displayed the first time a user runs a payment with this profile. During payment run, the user can accept or change the bank file identifier, and subsequent runs with this profile use the bank file identifier that was specified in the previous run.

  3. Save your changes.