Posting A/P Wire Transactions

To post wire transactions, use the A/P Wire Posting form to:

1. Before posting, select the A/P Wire Posting Report option and click Process to print and review this report, which lists the wire payments that are to be posted.

   NOTE: The grid at the bottom of the form also displays the list of items that will be posted.

2. After printing the report, to begin the posting process, select the Final Register and Post option and then click Process.
3. (Optional) To have the system print remittance advice, select the Print Remittance Advice option and then click Process.

NOTE: If the Wire option for Remittance Advice is selected on the Accounts Payable Parameters form, you must also select Print Remittance Advice.

To have the remittance advice output processed for print, fax, or e-mail on a vendor-by-vendor basis, also select the Use Profile check box.

When you post a wire payment and distribution, a Bank Reconciliations record stores the payment. The system marks the record as Not Voided.

Reversing a Posted Wire Payment

NOTE: If the voucher for the wire payment is generated but not processed, delete the wire payment record in A/P Payments.

To reverse a wire payment:

1. Create a new wire payment and enter a negative value for the payment.
2. Distribute the payment to the same wire number, bank code, vendor number, and voucher number.
3. Perform the wire posting.

During the posting process, the system marks the corresponding bank reconciliation as Voided.

Related Topics

A/P Wire Posting