<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000573" xml:lang="en">
   <Header>
      <Title>Payment procedure</Title>
      <Keyword type="header" order="d1e1644962">
         <Level1>Payments</Level1>
         <Level2>procedure</Level2>
      </Keyword>
   </Header>
   <AimSection>
      <Paragraph>In the payment procedure, you must select the invoices in order
		to compose and post the payment details. The payment process stops if an error
		occurs in a batch.</Paragraph>
   </AimSection>
   <GeneralSection>
      <List>
         <ListIntro>To process payments manually, use the following
		  sessions:</ListIntro>
         <ListItemHead>Payment Methods (tfcmg0540m000)</ListItemHead>
         <ListItem>You must set up payment methods. You can link a payment method
		  to an invoice to determine how the invoice is paid.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg0510m000" role="session">Bank Relations (tfcmg0510m000)</GUIRef>
         </ListItemHead>
         <ListItem>You must set up bank relations. A bank relation is required to
		  process the payments to and from your business partners.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg0545m000" role="session">Data by Bank/Payment Methods (tfcmg0545m000)</GUIRef>
         </ListItemHead>
         <ListItem>You can use this session to define the combinations of a
		  payment method and a bank relation. These combinations determine how payments
		  with a certain bank are processed in the financial records. You must also
		  define the ledger accounts. In addition, a payment method is linked to each
		  purchase invoice.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg1220m000" role="session">Select Invoices for Payment (tfcmg1220m000)</GUIRef>
         </ListItemHead>
         <ListItem>You can use the automatic selection program in this session to
		  select purchase invoices that are due for payment. Several options are
		  available to select purchase invoices that are due from the open entries in the <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef> module.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg1501m000" role="session">Payment Advice (tfcmg1501m000)</GUIRef>
         </ListItemHead>
         <ListItem>A payment advice list is generated that must be audited. You
		  can make changes before the final payment procedure starts.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg1240m000" role="session">Process Payments (tfcmg1240m000)</GUIRef>
         </ListItemHead>
         <ListItem> 
            <List>
               <ListItem>In the final procedure, separate payment lines are created
				by supplier for purchase invoices that are due.</ListItem>
               <ListItem>Priorities regarding payments are also assigned to banks.
				If any errors occur, LN prints an error list that indicates the action to be taken.</ListItem>
               <ListItem>After you enter the data, LN either prints bank
				orders or checks or creates an electronic bank file.</ListItem>
               <ListItem>Anticipated payments are posted to the general ledger
				accounts as specified by the combination of a payment method and a bank
				relation. In addition, the open entries in the <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef> module
				are updated.</ListItem>
               <ListItem>Anticipated payments are sent to the bank to be deducted.
				You will receive a bank statement after the payments are processed by the
				bank.</ListItem>
            </List>
         </ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/gld/tfgld1140m000" role="session">Transaction Entry (tfgld1140m000)</GUIRef>
         </ListItemHead>
         <ListItem>You can use this session to update the data in LN with the information
		  on the bank statements in the <GUIRef href="/baanerp/tf/cmg/tfcmg2102s000" role="session">Reconciliation of Anticipated Payments/Receipts (tfcmg2102s000)</GUIRef> session.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg2100s000" role="session">Bank Transactions (tfcmg2100s000)</GUIRef>
         </ListItemHead>
         <ListItem>You can use this session to process the bank
		  transactions.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg2102s000" role="session">Reconciliation of Anticipated Payments/Receipts (tfcmg2102s000)</GUIRef>
         </ListItemHead>
         <ListItem>You can reconcile the anticipated documents that are processed
		  by the bank. The reconciliation is processed with the transaction type set to <GUIRef href="/baanerp/tf/domains/cmg.tcsh#cash" role="option">Cash</GUIRef>. LN reverses previous
		  postings that were processed when the payments were carried out. The bank
		  balance that appears in a general ledger account is reduced. In addition, the
		  open entries in the <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef> module are updated and the invoices are paid. Both the cash
		  document that is linked to purchase invoices and the open balance amounts in
		  the invoices are set to zero.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/gld/tfgld1519m000" role="session">Finalization Run Numbers (tfgld1519m000)</GUIRef>
         </ListItemHead>
         <ListItem>You can use this session to finalize the financial
		  transactions. The ledger history and the dimension history are then
		  closed.</ListItem>
      </List>
   </GeneralSection>
</ManualTopic>