Setting up Payment Journals

  • 07/10/2024
  • 3 minutes to read

Continia Banking has enhanced the standard payment journal with additional features to improve the payment flow. Continia Banking validates payment lines before being sent to the bank, and the status on the payment line will indicate if any further actions are required.

To set up payment journals

The first time you use a payment journal with Continia Banking enabled, you will be prompted to set it up. This setup forms the basis for the payment suggestions in the given payment journal.

To set up payment journals:

  1. Use the Search icon, enter Payment Journals, and select the related link.
  2. On the Payment Journals page, select the payment journal, and on the action bar, select Prepare > Payment Journal Setup.
  3. On the Payment Journal Setup page, you can configure several options for the payment journals you are currently working on. These options include selecting the Document Number Series to be used when creating lines in the payment journal, specifying the Required Posting Status that determines when posting of the journal lines is allowed, and setting various fields related to the approval workflow.

To define the balance account on the payment journal

To assign a balance account to a payment journal:

  1. Use the Search for page or report icon and search for Payment Journal, then select the related link. This will open a payment journal.
  2. On the payment journal header go to the Batch name selection, and select the Search for page or report. This opens the General Journal Batches.
  3. In the general journal batches list, select the payment journal for which you want to define Balance Account No..
  4. Fill in the Bal. Account Type and the Bal. Account No., if you want a fixed balance account to be used for this journal.