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NSC | In-Transit Payments
Using this feature will allow you to recognize payments and deposits at the time they occur. It means, that initial payment is not posted to the bank account directly but to an interim account “Cash in Transit”. Payments can be cleared in your ledger at the same time they are confirmed, simplifying reconciliation. After…
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Are the "In-Transit Payments" available for AR part as well?
In the payments tab > payment processing > invoice payment processing, I'm using it to generate the file to upload the remittance collection to the bank. Once I issue the file, the status of the invoice change to paid, and is not correct. Customer payment hasn't been received yet. For AP there are In-Transit payments, is…
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NSC | Rollback for PFA with In-Transit payments
Customers, using the In-Transit Payments were not able to Reverse their payments on Payment File Administration page. With new feature, once they process the Payment File, the Rollback button will appear. It will be available only within the 24 hrs. then it disappears. This new feature was introduced and implemented into…
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In-Transit payment bank statement upload
When using the In-Transit payment feature is the in-transit status per vendor payment or on the payment file as whole? Why Im wondering is that often you pay maybe 50 vendor bills in one payment file. 48 of the payments might come back as success from the bank but there are two that couldn't be done. Is there a status per…