IET Setup - Receipt Selection Codes Overview
This form lets you add Receipt Selection Codes.
Receipt selection codes define the criteria for selecting invoices and generating transactions for them to be paid. You must create at least one receipt selection code if you want IET to generate receipt batches automatically.
The values entered in the IET Setup >IET Receipt Selection Codes are used as Default Values when using the Create Receipt Batch function (see IET Create Receipt/Refund Batch for details on how to use).
For detailed description of fields and controls, refer to, IET Setup- Receipt/Refund Selection Codes
When you post an A/R Receipt batch for a bank set up as a “CM Bank” with the “two step CM process” selected, Inter-Entity will create an A/R Invoice batch in the target Entity {database} as defined on the Cash Management Bank for all the invoices, debit notes and credit notes applied to the Posted A/R Receipts.
This will enable the target company to create A/R Receipts applied to documents originating from several source companies and therefore consolidated processing of receipts (e.g. management company collecting deposits on behalf of several subsidiaries).
Note: In prior versions, A/R Debit Notes were not transferred to the target company.
