How to: Pay Vendors by Using Electronic Payments
In Microsoft Dynamics NAV, you can pay a vendor using electronic payments. Payments will be exported to a file, which will then be transmitted to your bank. The bank then electronically transfers the payments from your bank account to the payee’s (vendor) bank account.
This process is similar to how computer checks are processed.
To pay a vendor electronically
In the Search box, enter Payment Journals, and then choose the related link.
Fill in the fields as described in the following table.
Field Description Bank Payment Type
Specify Electronic Payment to create a corresponding check ledger entry for the amount.
Payment Type
Specify the payment type for the special transfer payment, if applicable. Select Blank if you do not want to use the special transfer payment type. Select 01 to create a special payment for “goods” on the journal line. Select 02 to create a special payment for “non-goods” on this journal line.
Statistical Code
Specify the statistical code for the special transfer payment, if applicable. The statistical code must be used at the same time as the payment type. Select 01 to create a special payment for “goods” on the journal line. Select 02 to create a special payment for “non-goods” on this journal line.
See Also
Tasks
How to: Set Up Bank Accounts for Electronic Payments