Background: AR Payment Method Codes Maintenance
Use the AR Payment Method Codes Maintenance (TPMM) program to add or change, copy, and delete codes that you can select in the Credit Maintenance (CCM) and Cash Receipts Entry (RCE) programs and can use as criteria for posting transactions to the general ledger. See Road Map for work flow.
This topic has these subtopics:
Comparison with AP Payment Method
Codes Maintenance (TAMM)
Uses
Comparison with AP Payment Method Codes Maintenance (TAPM)
You can set up codes that are similar to the codes you set up in the AP Payment Method Codes Maintenance (TAPM) program. However, the codes in that program are methods to make payments; these are methods to receive payments.
Uses
You decide the types of payments that are applicable to your business.
Credit Cards
If you accept credit card payments, you need to set up each credit card type as a payment method. See Credit Card Types Maintenance.
Cash Receipts Entry
In the Cash Receipts Entry (RCE) program, you can accept CK (check) or select the code for a credit card or electronic funds transfer method in the Payment method field.
If you enter the amount of the payment processing fee, the Cash Receipt Register calculates the fee for each credit card payment and debits the accrued credit card fee account.
General Ledger Posting
If you use payment method codes as a posting criterion in the Posting Criteria Maintenance (XPC) program, you can post to a different account for each code.