Revised: 02/29/2012
Go to Maintain>>Section 8 Tables>>Payment Cycles
Payment cycles are tied into the project master. Multiple payment cycles may be setup and linked to individual projects. One payment cycle must be setup for the program to run properly.
For a new Payment Cycle, enter a unique alpha numeric code. To pull up an existing code enter or select the payment cycle.
Payment cycles are a key value and may not be edited or changed.
Enter a Description for the payment cycle. Descriptions may be edited at any time.
Enter or select a valid Ledger Code. Once a valid ledger code is selected the general ledger cash and accounts payable fields will become available to enter or select data.
Enter or select the general ledger Cash Account number to charge.
The Description of the cash account selected will be displayed. The description may not be changed in this view.
Enter or select the general ledger accounts payable number to charge.
The description of the accounts payable account selected will be displayed. The description may not be changed in this view.
Enter or select the check book ID to associate with the payment cycle. This is a required field and should not be left blank.
Automatic ACH processing is setup in Section 8 Accounting on the Check/ACH/Card Setup tab. This field should be left blank unless the direct deposit information for this cycle should be sent to a different ACH Company Code than the one in Section 8 Accounting.
An ACH Company Code may be entered here for the automatic processing of ACH direct deposit information for this payment cycle. This field may be left blank.
ACH Company Codes are setup in the Horizon ACH module.
Select one of the following options:
Disabled - "Send to Check Processing NOW" from the Rent Calculation>>Quick Link menu will not be available
Enabled - "Send to Check Processing NOW" from the Rent Calculation>>Quick Link menu will be available for processing retroactive payments.