Pay Instruments
Payment instruments user-defined code table (00/PY) indicates various methods of payment such as draft, check, and electronic funds transfer. You assign a payment instrument code to each invoice or voucher. Set up a code for each type of payment instrument that you use. To identify order entry prepayment transactions for prepayment processing you must use payment types with assigned special handling code as illustrated below:
Prepayment processing is driven by values in the special handling code column for the payment instrument type. That is, if you set up a handling code for a payment type, the system processes the transaction through the SmarterCommerce prepayment cycle. SmarterCommerce requires certain payment types with the following special handling codes:
1SCA | - for cash transactions |
1SCC | - for credit card transactions |
1SCH | - for check transactions |
1SCP | - for PayPal Express Checkout transactions |
1COD | - for C.O.D. transactions |
1SC01 | - for other payment types (01) transactions |
1SC02 | - for other payment types (02) transactions |