Create Pay Group – A summary of the activity

A pay group is used for the grouping payments with ease based on different criteria. This activity allows you to define a pay group and specify various attributes to it. You can specify the date option based on which the system picks the various credit documents. This activity also allows you to eliminate regular payment processing procedures like selecting pay modes, specifying bank/cash account etc.

This activity also allows you to specify the voucher generation criteria, which can be utilized at the time of payment. Vouchers can be generated by defining the maximum amount for a particular voucher or by defining the number of invoices or credit notes that can be combined to form one voucher. The information captured here assumes importance when the company generates the vouchers based on the conditions specified. The system maintains the status of the various pay group defined. The system also saves the login ID of the user and the system date along with the creation details.

If you want to include any additional comments regarding the pay group you can also enter notes. The system maintains a history of these notes.

Getting familiar with the pages inside