Entering a new supplier payment through Supplier Transactions

A supplier payment in Readysell records a payment for goods that have been purchased from a supplier. Once the payment has been entered and allocated, a supplier remittance can be sent to the supplier.

1. In the navigation panel, click Relationships>Supplier Transactions>Payments
2. Click New. The Supplier Payment window displays.
3.  Show me

   

4. Enter header details for the payment:
   
   • Select the supplier who the payment is for.
   • Enter the date of the payment. For transactions off a bank statement, this will be the statement date; for other transactions it will be today's date.
   • Enter the value of the payment.
   • Enter the payment tender method. The available finalisation methods will depend on what you enter here.
   • Select the Bank account that the payment has been made from
   • Enter a description of the payment.
   • Enter a Payment Reference. Usually your account code with the supplier. If paying by cheque enter the cheque number.

5. When you have finished, you have five options to finalise.

   1. Click either Save or Save and Close to save the payment without finalising it. This can be used to park a payment.
   2. Click on Finalise to finalise the payment without allocating it against any invoices. When you click on Finalise you can choose either Finalise or Finalise and Print Remittance.
   3. Click Finalise and Allocate to finalise the payment and allocate it against an invoice.
   4. If the payment was by cheque, you can also click Finalise and Print Cheque to finalise the payment and print a cheque if you have preprinted stationary.