Debtor Banking - System Setup

The first step in configuring Micronet for debtor banking is to configure the bank posting methods for your various payment types.

1. In MDS, select MAINTENANCE | EDIT COMPANY.

2. Select the company you want to edit.

Micronet displays the Change Existing Company screen.

3. Select EDIT | PAYMENT TYPES.

Micronet displays the Enter Payment Types screen.

4. For each payment type, select the Bank Posting method:

Options are:

• Manual – Manual payment types are items that would generally be banked over the counter at the bank and require a bank deposit slip. These items include cash, cheques or manual credit card vouchers.

Manual payment types transfer to the Undeposited Funds account for selection by a user during Debtor Banking, and form part of a Bank Deposit Slip total. These user defined amounts integrate to the MGL Bank Reconciliation program.

• Automatic – Automatic payment types are items that are generally transferred or deposited into a bank account by an external third party or by a customer. These items include EFTPOS transactions on credit or debit cards, credit cards with fees, direct deposits, direct debits or rebates.

Automatic payment types integrate directly to the Bank account in the General Ledger. They are grouped together and totalled based on payment type and the integration configuration setup within MDS. They do not update to the Undeposited Funds accounts.

5. Select Ok to save your changes.

Micronet redisplays the Change Existing Company screen.

6. Select FILE | SAVE to save your changes.
7. Select LOGIN to log back into Micronet with the new company configuration.